U.S. Fed Announcement, Weak Chinese Data Pull Copper Down

Reuters reported that copper tumbled on Thursday, given downward pressure by the U.S. Fed announcement that end of stimulus measures is in sight and weak Chinese data that suggests a slowdown.

As quoted in the market report:

Benchmark three-month copper on the London Metal Exchange fell more than 2 percent to $6,807 a tonne, its lowest level since early May. It traded at $6,815 a tonne at 0944 GMT, down from a last bid of $6,960 on Wednesday.

To view the whole Reuters report, click here.