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Reuters reports that U.S. copper futures trimmed losses as the dollar stumbled after the Federal Reserve said it would buy $600 billion of longer-term Treasuries by the end of the second quarter of 2011.
Reuters reports that U.S. copper futures trimmed losses as the dollar stumbled after the Federal Reserve said it would buy $600 billion of longer-term Treasuries by the end of the second quarter of 2011.
The market news is quoted as saying:
Copper for December delivery HGZ0 on the COMEX metals division of the New York Mercantile Exchange was trading down 3.75 cents at $3.8015 per lb by 2:23 p.m. EDT (1823 GMT) in the aftermath of the Fed statement.
