Nov 1 (Reuters) - London copper edged up on Friday as a

softer U.S. dollar made greenback-priced metals cheaper to

holders of other currencies, but was set for a weekly decline

amid caution ahead of the U.S. presidential election and a key

policy meeting in China.

Three-month copper on the London Metal Exchange (LME)

rose 1% to $9,596 per metric ton by 0403 GMT, while the

most-traded December copper contract on the Shanghai Futures

Exchange (SHFE) rose 0.2% to 76,610 yuan ($10,751.83) a

ton.

LME copper is set for a fifth straight week of decline, down

0.1% so far this week.

The dollar index was headed for its first weekly loss in

five weeks and steadied on Friday, as investors awaited the U.S.

jobs report ahead of the Federal Reserve's monetary policy

meeting and a close-call U.S. presidential election next week.

The outcome of the Nov. 5 election will decide how the

policies in the world's biggest economy will shape in the next

four years.

The Chinese legislative body will meet between Nov. 4 and

Nov. 8 and market participants are hoping for stimulus measures

that could boost physical metals demand.

The premium to import copper into China has been stable at

$48 a ton, down from $69 last month, indicating softer demand.

LME aluminium rose 1% to $2,642.50 a ton, nickel

increased 0.4% to $15,775, zinc advanced 0.9% to

$3,057, lead climbed 1.1% to $2,041.50 and tin

gained 0.8% at $31,470.

SHFE aluminium edged up 0.5% at 20,845 yuan a ton,

tin added 1.3% to 257,550 yuan, lead edged up

0.6% at 16,790 yuan, nickel rose 0.3% to 124,140 yuan,

while zinc fell 0.4% to 25,030 yuan.

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($1 = 7.1253 yuan)