US MIDDAY: copper sags

13 Jun, 2008

US copper futures fell to their lowest point in three months early Thursday as a stronger tone in the dollar and an uncertain near-term demand outlook continued to exert downward pressure on the red metal, analysts said. Copper for July delivery was trading down 3.85 cents at $3.5410 a lb by 10:24 am EDT (1424 GMT) on the New York Mercantile Exchange's Comex division.
The range was from $3.5830 to $3.5065, its lowest level since March 20.

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