Copper Retreated as Risk Appetite Cancel
London copper slipped nearly 2 percent on Thursday, after scaling fresh 10-month highs in the
previous session, as investors stepped back to reassess the health of the global economy.
Mark Pervan, senior commodity analyst at Australia and New Zealand Bank, stated:
A lot of people are holding their breath because the gains have been really made off moderately positive fundamentals. The markets look overheated.
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Thu, Aug 6, 2009
Post by Mike Rodger, Copper Reporter