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Investing.com reported that copper prices had fallen again on Tuesday, hitting a new six year low. Slower global economic growth weighed on the red metal, as did the potential for an interest rate hike in the US.
Investing.com reported that copper prices had fallen again on Tuesday, hitting a new six year low. Slower global economic growth weighed on the red metal, as did the potential for an interest rate hike in the US.
As quoted in the publication:
Copper for December delivery on the Comex division of the New York Mercantile Exchange shed 1.9 cents, or 0.9%, to trade at $2.097 a pound during morning hours in London. It earlier fell to $2.066, a level not seen in more than six years.
Meanwhile, three-month copper on the London Metal Exchange dropped 1.09% to $4,651.75 a metric ton, a level not seen since June 2009.
Click here for the full article from Investing.com
Related reading:
A brief overview of the copper price today.
