Copper Declines to One-Week Low as U.S., China Demand May Ease
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Copper prices fell to a one-week low on concern that cooling economies in the U.S. and China will erode demand for the metal used in pipes and wires.
Reports in China, the world’s biggest metal user, showed the pace of increases in imports and property prices slowed in July. Equities fell in the U.S., Europe and Asia as traders trimmed bets that the Federal Reserve will take additional steps to spur growth.