Copper Fell 1.3 Percent on Fitch Ratings’ Warning

Bloomberg reported that copper inched down after Fitch Ratings’ warning that Italy’s credit rating may be downgraded.

As quoted in the market news:

The three-month contract on the London Metal Exchange fell as much as 1.3 percent to $7,642.25 a metric ton and traded at $7,688.25 by 11:50 a.m. Tokyo time.

Click here to read the full Bloomberg report.