Copper slipped in moderate volume on Friday after underwhelming US economic growth figures doused a rally in higher-risk assets that had lifted prices of the red metal nearly 15 percent this month. In New York, the benchmark March COMEX contract dipped 1.25 cents to settle at $3.8890 per lb, down from its own four-month peak at $3.9390.
Volumes late in New York stood near 46,500 lots, largely in line with the 30-day average, but down from healthier levels seen earlier in the week, according to preliminary data from Thomson Reuters. Copper's losses were rooted in data showing that while US gross domestic product grew at an 2.8 percent rate last fourth quarter, its fastest pace in 1-1/2 years, the number was slightly disappointing.
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