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Copper set for worst week in four on firm US dollar and higher stocks
Copper prices were on track for their biggest weekly drop in four weeks, after a firmer dollar and rising inventories pressured prices. Three-month copper on the London Metal Exchange was down 0.5% at $8,283.50 per metric ton by 0304 GMT. On a weekly basis, the contract declined 2.6%, the worst weekly performance since Aug. 11. The most-traded October copper contract on the Shanghai Futures Exchange fell 0.5% to 68,800 yuan ($9,369.47) a ton. The contract was also set for a weekly decline. The dollar was headed for its longest weekly winning streak in nine years, making greenback-priced metals more expensive to ... (full story)