Metals drop amid Fed meeting as Copper at lowest level in 7 weeks

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Source: Bloomberg
© Scanpix\Reuters
Copper declined to the lowest level in seven weeks as industrial metals plummeted after the Federal Reserve Chairman Ben Bernanke said that the Fed may start to slow down stimulus. Copper for three month settlement retreated 1% to $6,888.25 per metric ton, and today was at $6,902. The September metal contracts fell 0.9% to $3.1225 a Pound.
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