Copper May Decline as Prices at Five-Month High Spur Selling
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Copper may fall in New York and London as prices at a five-month high spur some investors to sell the metal and a stronger dollar reduces the appeal of commodities as an alternative investment.
Copper rose as high as $3.644 a pound, the highest intraday level since April 12, on the Comex in New York. The euro slipped against the dollar before Ireland discloses the cost of bailing out Anglo Irish Bank Corp. A stronger U.S. currency makes dollar-priced metals more expensive in terms of other monies.