- Advertisement -
Copper prices fell on Thursday as investors kept an eye out for a key US Federal Reserve meeting scheduled for later this week that could unveil plans of policy tightening in the world’s biggest economy.
Three-month copper on the London Metal Exchange fell 0.2 percent to $9,336.50 a ton, while the most-traded October copper contract on the Shanghai Futures Exchange eased 0.4 percent to 69,000 yuan ($10,648.31) a ton.
Copper is often used as a gauge of global economic health and a US tapering could slow the country’s recovery from pandemic slumps and boost the dollar, which makes greenback-priced metals more expensive to holders of other currencies. – Reuters
- Advertisement -
