Copper Tumbles Most in a Month as Obama, Bernanke Fail to Boost Confidence

Bloomberg reported that copper plunged the most in a month after President Barack Obama and Federal Reserve Chairman Ben Bernanke were unable to bolster investor confidence in the economy.

The market news is quoted as saying:

Copper futures for December delivery declined 14.1 cents, or 3.4 percent, to close at $4.0025 a pound at 1 p.m. on the Comex in New York, the biggest loss since Aug. 8.

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