Copper in New York Declines for First Day in Five on U.S. Economy Slowdown

- May 30th, 2011

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.

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