Latest Economic Worries Crush Metals Prices


Copper is set to enter bear-market territory

Copper closed in bear-market territory as metals fell across the board Wednesday, punished by the latest worries that a global economic slowdown will weaken demand.

Front-month copper for August delivery had its worst day of the year, slumping 4.4% to $2.5570 a pound on the Comex division of the New York Mercantile Exchange and hitting its lowest level since June 2017. The red metal entered a bear market for the first time since November 2016 and is now down 22% from its four-year highs set in June…

Latest Economic Worries Crush Metals Prices

Categories : Finance

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