Copper resisted a bearish trend across the base metals complex on Monday, ending higher on the back of strong retail sales data in the United States that pointed to brighter economic prospects in the world's largest economy. Lingering concerns about potential further monetary policy tightening in top metals-consumer China weighed heavily on the complex at the start of trade, dragging zinc, nickel and aluminium to multi-week lows and copper to its lowest levels in more than a week.
At the COMEX metals division of the New York Mercantile Exchange, copper for December delivery followed a similar pattern. It fell to its lowest in more than one week at $3.8495 per lb, before recovering to settle up 3.15 cents at $3.9250 a lb.
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