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Copper retreats on stronger US dollar; tighter supply and China data limit losses
Copper prices fell in London on Thursday amid the stronger dollar and signals of no U.S. rate cut in March, although tighter supply and positive data from top consumer China lent some support. Three-month copper on the London Metal Exchange (LME) fell 0.9% to $8,532.5 per metric ton by 1112 GMT. Copper was rising in the second half of January and even touched its one-month high on Wednesday of $8,704.5 before stumbling upon the U.S. Federal Reserve pushing back on the idea of an interest rate cut as soon as March. This comment resulted in the stronger dollar, which makes dollar-priced metals more expensive for buyers ... (full story)