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Copper eases on growth concerns, firmer US dollar

From brecorder.com

Copper prices fell on Tuesday as escalating tensions in the Middle East increased worries about global growth and demand for industrial metals while the firmer dollar reinforced negative sentiment. Three-month copper on the London Metal Exchange was down 0.1% to $9,697 per metric ton, as of 1017 GMT. Global stocks slid while oil rose as fighting between Israel and Iran entered its fifth day, sowing fears of a broader regional conflict. Higher oil prices dampen economic growth and stoke inflationary pressures. “Another war has broken out, unsettling investors, raising concerns about long-term global growth, and ... (full story)

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  • Category: Fundamental Analysis