Copper prices touched a near one-week low on Thursday and other base metals also slipped, dragged down by a strong dollar and mounting global growth fears amid escalating tensions between Israel and Iran. The LME’s three-month copper was down 0.5% at $9,609 per metric ton in official open-outcry trading. Prices hit their lowest level since June 13. “A stronger U.S. dollar on higher on geopolitical concerns tends to weaken U.S. dollar-based prices. Long-only funds are sitting on the sidelines due to elevated risk concerns,” said SP Angel analyst John Meyer. The pullback also reflects reduced activity as U.S. traders ... (full story)