On Thursday, copper prices rose for the first time in three sessions as investors continue to monitor the dynamics of the volatility of stock market of China.
During European morning trade, on the Comex division of New York Mercantile Exchange, copper futures for September delivery increased by 1.5 cents, or 0.61%, to $ 2537 per pound. A day earlier, copper fell 1.3 cents, or 0.53%, to close at $ 2521.
The Shanghai Composite Index has fallen by 2% after opening, before recovering and showing an increase of 0.5%. On Wednesday, the index fell 3%, despite the optimistic data on economic growth.
The annual growth of China's GDP in the second quarter was 7.0%, remaining at the level of the previous quarter and higher than the expected 6.9%.
The data on industrial production, retail sales and investments in fixed assets also exceeded expectations, highlighting speculations that China's economy is gaining momentum after a recent slowdown.
The Asian country is the world's largest consumer of copper, with its share of almost 40% of world consumption last year.
Gold futures for August delivery fell $ 2.90, or 0.25%, to $ 1144.50 for a troy ounce, while silver futures for September delivery fell 5.1 cents, or 0.34%, to get traded at $ 14.99 per ounce.
Demand for the dollar is still maintained after Wednesday, the Fed chief, Janet Yellen, reiterated that the Central Bank increases the interest rates by the end of the year if the economy continues to grow as expected.
The USD index, which tracks the US currency against a basket of six major rivals, is traded near six-week high at 97.58.
Later today the US will publish key weekly data on initial applications for unemployment benefits, as well as a report on manufacturing activity in the Philadelphia region, while traders await fresh information indicating the strength of the economy and the time of interest rate increase.
Meanwhile, the Greek parliament voted in favor of the austerity measures required by the country's creditors to provide a third rescue package.
Today, Eurozone finance ministers plan to hold talks on the latest news from Greece.
On the eve of the Greek vote on Wednesday, the French National Assembly voted overwhelmingly in favor of starting negotiations on a third aid package. German Bundestag plans to hold the vote on Friday.