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Copper Falls From Record as Dollar Rises, Chinese Demand Cools
Feb. 03, 2011 06:53PM PST
Base Metals Investing Bloomberg reports that Copper fell from a record after the dollar climbed, reducing the appeal of industrial metals as a hedge against inflation.
Bloomberg reports that Copper fell from a record after the dollar climbed, reducing the appeal of industrial metals as a hedge against inflation.
The market news is quoted as saying:
Copper for three-month delivery fell $15, or 0.2 percent, to $9,930 a ton ($4.50 a pound) at 6:10 p.m. on the London Metal Exchange. Earlier, the metal climbed to $10,000, the highest ever.
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