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Copper slips to two-week low on stronger US dollar, worries about inflation

From brecorder.com

Copper prices fell to their two-week low on Tuesday due to a stronger dollar, concerns about global economic growth and fears over inflation fuelled by lingering uncertainty over the Middle East conflict. Benchmark three-month copper on the London Metal Exchange was 0.9% lower at $13,089.50 a metric ton by 0936 GMT after hitting $13,065, for its lowest since April 14. With the warring sides of two-month-long Middle East conflict seemingly far apart, oil and other supplies through the critical Strait of Hormuz heavily restricted, the price action in base metals is turning more selective, analysts at Sucden Financial ... (full story)

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  • Category: Fundamental Analysis