Copper backed away from a fresh record high on Monday, its sixth in as many sessions, as prices fell under the weight of a firmer US dollar and began to show some signs of fatigue from the latest bull-run.
Driven by longer-term considerations, copper prices have rallied as much as 10 percent over the past two weeks, as a generally positive stream of economic data backed investor bets of stronger demand prospects against a backdrop of tight supply. COMEX March copper dipped 0.45 cent to settle at $4.5750 per lb, after touching its own record at $4.6375.
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