Copper futures fell to a one-week low on Tuesday, as a broadly stronger U.S. dollar and speculation slowing economic growth in China will dampen demand for the industrial metal weighed. On the Comex division of the New York Mercantile Exchange, copper for December delivery hit a daily low of $2.991 a pound, the weakest level since November 5. Copper last traded at $2.995 a pound during European morning hours, down 2.5 cents, or 0.83%. A day earlier, copper futures lost 1.8 cents, or 0.61% to settle at $3.020 a pound. Futures were likely to find support at $2.964, the low from November 5, and resistance at $3.051, the high from November 10. The dollar remained well bid amid expectations that the Federal Reserve will raise interest rates ahead of its other major peers. The US Dollar Index, which tracks the performance of the greenback against a basket of six major currencies, picked up 0.18% to trade at 88.03, just below a four-year high of 88.31 hit late last week. A stronger U.S. dollar usually weighs on copper, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies. Meanwhile, indications of a slowdown in Chinese economic growth and little hope for broad-based stimulus measures from the country’s central bank further weighed. China is the world’s largest copper consumer, accounting for almost 40% of world consumption last year. Elsewhere on the Comex, gold futures for December delivery shed $8.00, or 0.69%, to trade at $1,151.80 a troy ounce, while silver futures for December delivery lost 12.4 cents, or 0.79% to trade at $15.54 an ounce. Comex gold prices have been under heavy selling pressure in recent weeks amid speculation the Federal Reserve is moving closer to raising interest rates for the first time in eight years after ending its monthly bond-buying program, also known as quantitative easing, last month. Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise.