Copper Dropped 1.3 Percent to $8,500

Bloomberg reported that copper dropped 1.3 percent to $8,500 after the Federal Reserve diminished expectations for new monetary stimulus.

As quoted in the market news:

Three-month copper fell as much as 1.3 percent to $8,500 a metric ton on the London Metal Exchange and traded at $8,517.25 at 3:18 p.m. in Tokyo. The May-delivery contract lost 1.2 percent to $3.8715 a pound on the Comex. Markets in China, the world’s biggest user, are shut today for a holiday.

Click here to read the full Bloomberg report.