Copper futures fell 3.9 percent last week, touching $3.30 a pound on the Comex in New York, the lowest for a most-active contract since Dec. 20. The metal has dropped 19 percent in the past year. Speculators more than doubled their bets on lower copper prices last week to 6,757 contracts, the most bearish since Nov. 29, CFTC data showed.
No comments:
Post a Comment