Jul 6, 2009
Copper Prices Plunge… Again
Up, down, up down, where she’s going to stop, nobody knows. Copper prices fell over the weekend amid news that unemployment is up in the US and Europe and the strengthening of the American Dollar. From Copper Investing News:
”U.S. copper futures ended lower on Thursday, as a stronger dollar and concerns about economic recovery weighed on values. Higher than expected unemployment figures, coupled with weak housing figures triggered fears that an economic recovery is still far off. A rising greenback further cooled the copper market…”
”U.S. copper futures ended lower on Thursday, as a stronger dollar and concerns about economic recovery weighed on values. Higher than expected unemployment figures, coupled with weak housing figures triggered fears that an economic recovery is still far off. A rising greenback further cooled the copper market…”
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