Monday, December 30, 2013

Copper finds support

The London Metal Exchange copper price retreated on Monday December 30 after hitting a four-month high last week but positive global macroeconomic data checked any significant falls.

At 02:15 London time, three-month copper was down $13 per tonne from its opening to trade at $7,368 per tonne. The eurozone consumer confidence improved in December to -13.6, the best reading since July 2011 while the GfK consumer confidence in Germany reached 7.6 in January, the highest since August 2007....

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