Copper Ends Lower as European Woes Cap Sentiment

Reuters reported that copper inched down after early gains as the dollar strengthened and worries about Europe’s debt crisis had investors fretting about the global economy.

The market news is quoted as saying:

Investors remained cautious a day after top central banks agreed to boost short-term dollar funding for banks in Europe. That news eased fears that Greece’s fiscal problems could infect Europe’s financial system, but analysts said too many wild cards remained in global markets.

London Metal Exchange (LME) three-month copper dipped $15 to close at $8,696 a tonne, near the bottom end of its $8,680.50 to $8,835.50 session range.

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