World Copper Prices Today, Wednesday February 4, 2026: Sideways at $6 per Pon Range

Jakarta, Pintu News – World copper prices on Wednesday, February 4, 2026 were recorded moving sideways in the range of US$6 per pound with relatively narrow intraday fluctuations. This flat movement reflects the cautious attitude of market participants after the strong rally in recent months.

Selling and buying activities are still balanced, so no new catalysts have emerged that can push copper out of the consolidation zone. For industry players and commodity traders, this condition signifies a waiting phase before a clearer trend direction is formed.

World Copper Prices Today: Sideways around US$6 per Pon

The chart shows the intraday movement of copper prices around US$6 per pound, with the last price around US$6.087 and a near flat daily change (-0.016%). Throughout the session, prices were volatile with some sharp ups and downs, but remained within a relatively narrow range.

There were several peaks near the US$6.11 area as well as several troughs around US$6.02-6.03. This pattern indicates active buying and selling, but without a strong push in one dominant direction.

Overall, the chart depicts a sideways market with fairly high short-term volatility. Each rapid rise is generally followed by a correction, and vice versa, so the trend formed is more of a consolidation than a clear trending movement.

For market participants, such patterns usually reflect a phase of searching for fair prices, when large and retail players are still balancing demand and supply expectations. In the context of trading, this situation often encourages short-term strategies rather than long-term trend positions.

Read also: Why did Antam Gold Rise Today (4/2/26)?

Gold and Silver Gain Sharply, Copper Still Sideways

Commodity prices in the table show contrasting daily performance between precious metals and copper. Gold recorded a price of around 5,080.45 with a daily gain of 134.06 or about 2.71%, signaling a fairly strong rebound in one trading day.

In the month horizon, gold has gained 14.39%, while on an annualized basis it has surged 77.29%, underscoring the bullish trend that is still dominant. This movement is consistent with gold’s narrative as a hedge asset amid economic uncertainty.

Silver showed even more aggressive dynamics than gold. At around 90,269, silver rose by 5,183 in a day or about 6.09%, accompanied by a monthly gain of 17.96% and an annual surge of 179.54% that far surpassed gold.

In contrast, copper was at 6.0846 with a slight negative daily change of -0.0019 or about -0.03%, although it still recorded a gain of 1.92% in a month and 36.64% in a year.

The data illustrates that current market sentiment is much more conducive to precious metals such as gold and silver, while copper moves more flatly and is influenced by different industry fundamentals.

Gold-Based Crypto: When Physical Assets Meet Crypto Technology

As blockchain technology develops, gold can now be owned not only in physical form such as jewelry or bars, but also in digital form through gold-based crypto assets.

One of the most popular is Tether Gold (XAUt), a physical gold-backed ERC-20-based stablecoin, where 1 token represents 1 troy ounce of pure gold. The gold is stored in vaults in Switzerland and each token is directly linked to certified gold bullion. The system uses automated algorithms to efficiently manage the allocation of gold and Ethereum addresses.

XAUt tokens are available and traded on various crypto exchanges. XAUt is also an attractive alternative for those looking to hedge against inflation or global economic uncertainty, while remaining within the digital asset ecosystem.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Trading Economics
• Featured Image: Generated by AI