Copper fell below $9,000 a ton for the first time in two months as the dollar extended gains made in the wake of the US election.Futures on the London Metal Exchange have dropped almost 9% since Nov.

Gold prices extended losses for the fourth straight session on Wednesday, weighed down by a stronger dollar and elevated bond yields on news that October U.S. consumer prices increased as expected. The Labor Department also reported slower progress toward low inflation since mid-year,

The dollar index (DXY00) today is up by +0.04% and posted a new 1-year high. Today’s strength in US economic news may keep the Fed from aggressively cutting interest rates and is positive for the dollar.