Copper futures fell for the first time in four sessions as slackening factory output raised concern that demand will ebb in China, the world’s top consumer. Nickel rose to the highest since February 2012 in London.
Gold rose the most in seven weeks on speculation that Europe’s debt crisis will spread, boosting demand for the precious metal as a haven asset. Silver closed at the highest settlement price in 30 years.
Gold futures fell, capping the biggest weekly drop since September, after a U.S. equity rally and signs of easing tensions in Ukraine curbed demand for the precious metal as a haven. Silver dropped to an 11-month low.
Gold tumbled below $1,200 an ounce as the euro rebounded from the lowest level in four years against the dollar, eroding demand for the metal as a haven. Palladium and platinum had the biggest declines since December 2008.