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Copper on track for first weekly fall in four as US dollar firms
Copper prices in London were set for their first weekly decline in four weeks on Friday, as a firm dollar made greenback-priced metals more expensive to holders of other currencies. Three-month copper on the London Metal Exchange fell 0.5% to $8,532 per metric ton by 0424 GMT. The contract was down 0.4% week-on-week. The dollar rose, supported by a bout of risk aversion as hawkish comments from global central banks, including the Federal Reserve, stoked fears that their aggressive monetary tightening could push economies into a deeper downturn. LME nickel declined 0.3% to $21,130 per metric ton, zinc shed 2% to ... (full story)