“Also, import data from China, such as on copper, has been very positive. That shows that China’s efforts to slow the economy aren’t working as well as expected,” Barratt added. “And the economy seems to be kicking along in full gear.”
“Copper is vulnerable to the slow economic outlook and the Fed [meeting]minutes indicate the economic pick up isn’t going to happen any time soon,” commented Frank McGhee, head precious metals dealer with Integrated Brokerage Services, reports Tatyana Shumsky for The Wall Street Journal.
iPath Dow Jones-UBS Copper Subindex Total Return ETN
For more information on copper, visit our copper category.
Max Chen contributed to this article.