Copper Firms on U.S. Data, Mideast Worries Weigh

Reuters reports that copper rose on Thursday as the dollar fell, but fears that high oil prices driven by violence in Libya could slow economic growth kept prices under pressure.

The market news is quoted as saying:

“Rising oil prices are fuelling inflation and in order to tame inflation emerging countries will have to tighten their monetary policy and sacrifice some GDP growth, which will hurt base metals demand.”

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