The commodities market experienced significant volatility this week, with copper, gold, and silver all facing downward pressure due to a combination of rising inventories and a stronger US dollar. According to Business Recorder, copper on the Shanghai Futures Exchange fell 2.07% to 100,380 yuan ($14,463.98) per metric ton by Friday, marking a 7.34% weekly decline. The London Metal Exchange also saw copper prices drop by 0.59% to $12,827.50 a ton, poised for a 2.52% weekly drop. The decline in copper prices was attributed to increased stock levels across major exchanges and concerns over demand in a high-price environment. Meanwhile, gold and silver also faced losses, with spot gold down 1.4% for the week and silver experiencing a dramatic 19.1% drop in the last session, as reported by Business Recorder. The broader market correction was exacerbated by a global selloff in technology shares, which dampened investor sentiment across various asset classes.
METALS
Metals Market Volatility: Copper, Gold, Silver Prices Plummet

Commodities like copper, gold, and silver faced declines due to rising inventories and a strong US dollar, while tech stocks lost $1 trillion, impacting global markets, despite brief silver rebounds.
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Business Recorder
Updated 11h agoCopper dips, heads for biggest weekly loss in 10 months as stocks buildFEB 6, 12:06 PMRead →Copper heads for weekly fall on rising stocks, stronger dollarFEB 6, 6:01 AMRead →Hong Kong stocks slip as global tech rout, silver selloff dent sentiment, China mixedFEB 6, 5:48 AMRead →Gold, silver set for weekly losses on tech selloff and stronger dollarFEB 6, 3:14 AMRead →Stocks tumble as AI rout deepens, cryptos reboundFEB 6, 2:38 AMRead →Copper dips on stronger dollar, rising inventoriesFEB 5, 11:42 AMRead →China shares drop on precious metals, tech selloffFEB 5, 10:14 AMRead →Silver prices collapse more than 15%, gold down more than 3%FEB 5, 9:34 AMRead →Copper slides in broad metals tumble; rising inventories in focusFEB 5, 7:48 AMRead →Copper falls on stronger dollar and inventories outlookFEB 4, 12:33 PMRead →
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Economic Times
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