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Copper in New York Declines for First Day in Five on U.S. Economy Slowdown
May. 30, 2011 08:39AM PST
Base Metals Investing Bloomberg reported that reports the US economy is slowing down caused copper prices to drop.
Bloomberg reported that reports the US economy is slowing down caused copper prices to drop.
The market news is quoted as saying:
July delivery copper dropped as much as 1.2 percent to $4.135 a pound on the Comex in New York and was down 0.7 percent at $4.1585 at 8:30 a.m. local time in electronic trading.
