METALS-Copper falls as US jobs data boosts dollar

* Copper is up 5% so far this week * Discount for LME cash over 3-month copper at record high * Zinc heads for biggest weekly growth since January 2023 (Updates prices as of 1543 GMT) By Polina Devitt LONDON, April 5 (Reuters) - Copper prices fell in London on Friday, retreating from a 14-month high hit in the previous session as the U.S. dollar rose after March job growth beat expectations, potentially delaying anticipated U.S. interest rate cuts this year. Three-month copper on the London Metal Exchange (LME) CMCU3 fell 0.4% to $9,318.50 per metric ton by 1543 GMT. Copper prices on Thursday hit $9,397.5, the highest since January 2023. "Copper has done a lot recently and the rise has been rapid, so even if it continues going up in the short term, downside risks are starting to build," said Dan Smith, head of research at Amalgamated Metal Trading. Better-than-expected manufacturing activity data from top metals consumer China and hopes for rate cuts in the United States and Europe boosted growth-dependent industrial metals earlier this week. Chinese markets were closed on April 4-5. "The seasonality charts of previous years indicate that normally 9th week of a year is the strongest one for copper, and then it tends to go down closer to summer. We are now in the 14th week," Smith said. Chinese copper factories typically slow down over the Northern Hemisphere summer months. The discount for the LME cash over the benchmark three-month copper contract CMCU0-3 hit a fresh record high of $118.75 on Friday, which, according to Smith, supported the idea that copper prices were getting closer to their peak. From a technical point of view, copper's 5%-growth this week brought it above major moving averages with the nearest, 21-day moving average currently at $8,914. Meanwhile, aluminium CMAL3 rose 0.2% to $2,448.5, lead CMPB3 lost 1.4% to $2,108 and nickel CMNI3 gained 0.2% to $17,745. Tin CMSN3 added 0.4% to $28,735 after hitting the highest level since July 2023 of $29,045. Zinc CMZN3 shed 0.5% to $2,631.5. It was heading for a 8.0% weekly gain, its biggest rise since January 2023. (Reporting by Polina Devitt in London; Additional reporting by Mai Nguyen in Hanoi Editing by Emelia Sithole-Matarise and Matthew Lewis) (([email protected]; Reuters Messaging: [email protected])) (( For related news and prices, click on the codes in brackets: LME price overview RING= COMEX copper futures 0#HG: All metals news MTL All commodities news C Foreign exchange rates FX= SPEED GUIDES LME/INDEX ))