A firm US dollar brought copper even further down to a 9-month low. After a record high on July 2 copper sank more than 25% and investors continued to hold out for the conditions of the US financial bailout plan. Leon Westgate at Standard Bank blames the dollar for the drop in copper. He said [...]
Copper was down 2.2% and 1.9% respectively in London and New York as concerns about lower demand and the uncertainty of the US financial bailout plan left traders limiting their holdings. Pressure mounted on U.S. lawmakers on Friday to agree on a $700 billion financial rescue plan after talks at the White House collapsed in [...]
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