The Conversation (0)
Concerns about the future of the Federal Reserve’s stimulus program caused copper to fall today.
Concerns about the future of the Federal Reserve’s stimulus program caused copper to fall today. While economic activity in top-copper consumer China has picked up recently, a reduction in quantitative easing would still drag investor demand for copper down, The Wall Street Journal reported.
Copper for three-month delivery on the London Metal Exchange was down $64.92, to $7,123 a tonne, according to Bloomberg. In New York, copper futures for December delivery sank to $3.29 a pound, a drop of $0.04 from the previous session.
