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Copper Price Drifts Down as Bernanke Repeats Position on Tapering

  • Thursday, July 18, 2013
  • Source:

  • Keywords:Copper Price asset purchases previous official se
[Fellow]Copper prices drifted lower on the London Metal Ex
[Ferro-Alloys.com] Copper prices drifted lower on the London Metal Exchange on Wednesday July 17, as Federal Reserve chairman Ben Bernanke said that asset purchases may be tapered if the country’s economic recovery remains on course.
 
Three-month copper prices settled at $6,939/40 per tonne on Wednesday, down from $7,000 at the start of trading and $6,964/656 in the previous official session. The red metal was moderately softer ahead of Ben Bernanke’s testimony to congress, which came shortly after the official session. Bernanke repeated earlier comments that the Fed could taper asset purchases later this year.
  • [Editor:editor]

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