Copper Has Ups and Downs on Chinese Concern, Strengthening U.S. Housing Market

Bloomberg reported that copper was volatile on Tuesday, pushed and pulled by conflicting data about a strong U.S. housing market and continued concern about Chinese economic prospects.

As quoted in the market report:

Copper for delivery in three months slipped 0.1 percent to $7,295 a metric ton by 10:16 a.m. on the London Metal Exchange. Prices dropped as much as 1.1 percent and added as much as 0.6 percent. Copper for delivery in July rose 0.3 percent to $3.304 a pound on the Comex in New York. The LME and Comex floor trading were shut for national holidays yesterday.

To view the whole Bloomberg report, click here.