View full page at metalsmine.com

 

Copper Settles Below Two-Year High as Investors Take Profits

From fxdailyreport.com

Copper futures are settling higher on Tuesday as investors are ostensibly taking profits. The industrial metal seems to have found direction after topping $3 last week, driven primarily by the recovering Chinese economy. Copper prices have been trading near their best levels in two years. October copper futures fell $0.018, or 0.59%, to $3.05 per pound at 19:57 GMT on Tuesday on the New York Mercantile Exchange. Copper has posted a significant rally since hitting bottom in April, rising nearly 20% over the last three months. Year-to-date, the red metal is up close to 10%. Although copper pared some of its gains, the ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis