19.03.2015 - Copper drops on China weakness
Copper has taken its biggest fall since late January, weighed down by economic weakness in top consumer China and expectations the Federal Reserve will prepare the ground for an increase in US interest rates. Other metals slid to fresh lows as investors stepped up selling during the day, sending tin and lead to their weakest levels in 57 months and nickel to a 14-month nadir. The Fed was expected to remove the word "patient" from its statement on the timing of its first rate rise since 2006, possibly paving the way for policy tightening as early as June. The US dollar was steady near its recent 12-year peak against a basket of currencies. A strong dollar makes dollar-priced metals more costly for non-US investors...............................................Full Article: Source
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