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Copper Plunges To Two Week Low On Thursday (22-Jun-2012)

Indian-Commodity  :  Commodity-Market >> Copper  :  Copper Plunges To Two Week Low On Thursday
Copper Plunges To Two Week Low On Thursday
Copper dripped to two-week low on Thursday, as the Fed meeting quashed hopes of a strong stimulus to help US economic revival. The red metal also slumped as the report on slow factory activity in China and Europe raised fears of global economic slowdown.

Copper futures for July delivery settled at 8.95 cents lower at $3.298 per lb on the Comex metals division of the New York Mercantile Exchange. Copper for three-month delivery on the London Metal Exchange settled at $7,341 from a close of $7,545 a tonne on Wednesday.
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