Copper Prices Still Under Bernanke’s Spell

  • Friday, July 19, 2013
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  • Keywords:Copper Prices London Metal Exchange
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[Ferro-Alloys.com] Copper prices drifted lower on the London Metal Exchange on Thursday July 18, as the market’s attention remained fixed on testimony from Federal Reserve chairman Ben Bernanke.
 
Three-month copper settled at $6,885/87 per tonne on Thursday, down from $6,906 at the start of the day and 0.8% below the previous official price. The red metal traded in a $68 range throughout the day, with moves in either direction capped ahead of Bernanke’s second appearance before the US Senate later on Thursday.
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