Copper in limbo over government bailout

Market News

Copper Investing News reports copper prices fell as the government’s proposed financial bailout plan got investors’ attention. Copper closed with its third straight loss on Thursday, falling 1.29 per cent at the London Metal Exchange, trading for US$3.13206 per pound compared to US$3.17288 on Wednesday and US$3.21597 on Tuesday. Copper prices were steady in London and Shanghai on …

Copper Investing News reports copper prices fell as the government’s proposed financial bailout plan got investors’ attention.

Copper closed with its third straight loss on Thursday, falling 1.29 per cent at the London Metal Exchange, trading for US$3.13206 per pound compared to US$3.17288 on Wednesday and US$3.21597 on Tuesday. Copper prices were steady in London and Shanghai on Friday, after modest overnight gains, but the uneasy feeling gripping the markets meant trade was thin.

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