The Associated Press called North Carolina for Trump, and he leads in Georgia and holds a more tentative edge across Wisconsin, Michigan, and Pennsylvania, where vote-counting was in much earlier stages. However, there’s still a path for Harris to close the gap as votes roll in from densely populated cities and suburbs that are Democratic strongholds.
A gauge of the dollar rose as much as 1.6%, making metals more expensive for many buyers.
Metals’ losses followed gains in the previous three sessions, when better-than-expected service activity and factory gauges in China suggested recent stimulus measures may be having some impact on the top metals consuming economy. Beijing is widely expected to outline more steps to aid the economy this week.
Copper fell 1.9% to $9,553 a ton on the London Metal Exchange as of 12:22 p.m. in Shanghai, while zinc dropped 2.4% and aluminum lost 1.9%. Iron ore futures were down 1.9% to $103.35 in Singapore, while futures in Dalian tumbled 1.4% to 780 yuan.
