Industrial metals prices rose on Monday, driven by growing optimism that initial talks between the United States and Iran could pave the way for a diplomatic agreement.
Benchmark copper on the London Metal Exchange climbed 0.9% to $13,723 a metric ton, reflecting improved risk sentiment across commodity markets.
The move in industrial metals follows a sharp rally in precious metals earlier in the week.
Gold and silver prices climbed in domestic futures markets on Monday, building on gains from Thursday when spot gold jumped 1.2% to $4,750 per ounce.
Analysts attribute the sustained buying interest to speculation that Washington and Tehran are nearing a deal to end tensions.
The broadening of the rally from safe-haven assets to industrial commodities suggests investors are pricing in a de-escalation of geopolitical risks.