Copper hits one-week high on Chinese buying

LONDON, July 20 (Reuters): Copper climbed to a more than one-week high on Friday, driven by Chinese buyers, hopes for a US-China trade deal, and higher risk appetite among other investors.

Three-month copper on the London Metal Exchange gained 0.8% to US$9,745 per metric ton by 1400 GMT, its strongest since July 9.

LME copper has eased from its three-month peak of US$10,200.50, hit on July 2, and Chinese participants are buying on dips, Marex senior base metals strategist Alastair Munro said.

"Add to that chatter on wires around a potential U.S.-Sino trade agreement in months ahead...The surprise remains on the topside."