Copper declines after German auction

Source: Forexpros
© Scanpix/Reuters

Copper futures experienced losses decreasing to the month-low after weak demand for German 10-year bonds caused by worries about crisis in the euro-zone. On the Comex division of the New York Mercantile Exchange copper futures lost 2.15% to USD3.261 a pound. Europe is the second largest consumer of industrial metals so the growing concerns over crisis impact the prices of copper.

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