Copper Slumps as Investors Abandon Risk

By Anonymous

Worries about higher interest rates weighed on copper prices Thursday

Copper prices fell on Thursday alongside stocks and other risky assets, as worries about higher interest rates gripped financial markets.

Front-month copper for October delivery fell 2% to $2.7650 a pound on the Comex division of the New York Mercantile Exchange. Prices have fallen 16% since hitting a four-year high in June on worries that a tariff fight will slow the global economy, though they are up 8% from their mid-August lows.

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