Copper Falls as IMF Cuts Growth Forecasts

Reuters reported that copper dropped to a nine-month low on concerns about global economic slowdown, compounded by an International Monetary Fund downgrade to its forecast for world growth.
The market news is quoted as saying:

Europe has come under increasing global pressure to resolve a crisis that has seen numerous ratings downgrades and financial rescues for Greece, Portugal and Ireland. Analysts said the crisis will have to be addressed by policymakers starting with the U.S. Fed meeting on Tuesday and Wednesday and the G20 and IMF/World Bank meetings this week.

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