Copper Falls From Record as Dollar Rises, Chinese Demand Cools
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Copper fell from a record after the dollar climbed, reducing the appeal of industrial metals as a hedge against inflation, and Chinese demand remained subdued.
The greenback rose as much as 0.9 percent against a six-currency basket, which would be the most in a month, as the mounting conflict in Egypt boosted demand for a haven. Tin, nickel, lead and zinc dropped. Markets in China, the world’s biggest metals consumer, are closed for the weeklong Lunar New Year holiday until Feb. 9.