World Copper Prices Today, Monday, February 2, 2026: Weakened to $5.71 Area

Di-update
February 2, 2026

Jakarta, Pintu News – World copper prices today, Monday, February 2, 2026, are under pressure after experiencing consecutive corrections in recent trading. The industrial metal fell to around $5.71 per pound, reflecting cautious market sentiment amid rising global commodity volatility. This movement marks continued weakness after copper failed to maintain levels above $6.40 in the previous period.

World Copper Price Today: Weakened to the $5.71 Area

world copper prices
Source: Trading Economics

The price chart of copper (Copper) denominated in USD per pound shows a downward trend in the short term. After moving above the USD 6.40 level, the price experienced a sharp correction and formed a series of lower highs and lower lows, signaling consistent selling pressure. This movement reflects weakening market sentiment towards copper commodities amid increased volatility.

Towards the end of the period, the price continued to move lower until it approached the USD 5.71 area, which is currently the lowest point on the chart. The bounce attempt looks limited and has not been able to significantly change the direction of the trend. This pattern indicates a bearish consolidation phase, with the market still searching for a new balance after successive selling pressures.

Also read: Silver Jewelry Price Today, Monday February 2, 2026

Gold, Silver, and Copper Prices Corrected Today

copper price
Source: Trading Economics

Data in the table shows that all three major metals-gold, silver, and copper-experienced price pressure in today’s trading. Gold prices were recorded at 4,665.20 with a daily decline of 4.54%, while silver fell deeper by 8.48% to 77.460. Copper also lost 3.53% and was trading around 5.7151. These simultaneous declines reflect the increasing selling pressure on the metal commodity market in the very short term.

Despite the daily correction, the medium- and long-term performance of the three metals still shows a difference. Gold still recorded a monthly gain of 5.07% and an annualized surge of 66.04%, signaling a long-term uptrend that remains strong.

Silver even showed the most aggressive yearly performance with a 146.88% gain, although the monthly was relatively limited. Meanwhile, copper recorded a monthly decline of 4.28% but still rallied 32.58% on an annualized basis, indicating short-term pressure amid still positive long-term fundamentals.

Digital Gold: 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
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