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Copper falls as hopes for quick end to Iran war fade

From brecorder.com

Copper fell for the first time in five sessions on Thursday on renewed investor concerns over economic growth after U.S. President Donald Trump vowed more strikes on Iran and gave no specific timeline to end the Middle East conflict. Benchmark three-month copper on the London Metal Exchange was down 1.6% at $12,235.50 per metric ton in official open outcry activity. The metal, considered a bellwether for the global economy, was set to end the Easter holiday-shortened week up 0.4% after its earlier run of four straight daily gains. “Copper is currently trading more like a macro-sensitive risk asset, moving in line ... (full story)

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  • Category: Fundamental Analysis