Copper Falls to a Three-Month Low of $6,962.75 a Tonne

Copper prices sank to a three-month low November  13 as investors keep close watch on the U.S. Federal Reserve’s next move.

Dennis Lockhart, president of the Fed’s Atlanta branch, said tapering of the monthly bond purchasing program could begin next month.

“The next couple days are Fed-heavy,” said Vicky Sanders, head of analytics sales at Marex Spectron Group in London, according to Bloomberg.

Three-month copper prices lost $153.18 to $6,962.75 a tonne on the London Metal Exchange, the source reported.

Copper futures for December delivery also fell on the Comex in New York to $3.16 a pound, down $0.08 from the previous session.

According to Investing.com, copper futures have reached their lowest level since August today.