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Copper Drops to One-Month Low as Geopolitical Turmoil May Spread
Feb. 23, 2011 12:24PM PST
Base Metals Investing Bloomberg reports that copper sunk to the lowest level in almost a month on concern that escalating geopolitical tensions could derail the economic recovery.
Bloomberg reports that copper sunk to the lowest level in almost a month on concern that escalating geopolitical tensions could derail the economic recovery.
The market news is quoted as saying:
“Metals are being dragged lower by the risk aversion seen in the other financial markets,” said Li Peiying, an analyst at Essence Futures Co. “With the oil price suddenly jumping, the issue of inflation is once again brought to the fore.”
