Tuesday, February 10, 2026 at 9:21 AM
Copper inventory in major Chinese markets increased as of January 9, with notable rises in several regions, while production was hindered by a rise in COVID-19 cases.
Copper prices slipped, though futures on the London Metal Exchange remained above the $13,000 mark.
Gold prices trade above $5,000 after softer-than-expected U.S. inflation data lifted hopes for further interest-rate cuts this year, but futures are down amid holidays in the U.S. and China.
China’s foreign-exchange reserves rose in January amid a weaker dollar, as a strengthening yuan raises concerns around its potential impact on Chinese exports.
U.S. equity and bond markets shuttered for Presidents Day, though futures tied to equities rose in Europe. The Lunar New Year closed trading floors in China and South Korea.
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