Copper Falls From Four-Month High on Europe’s Debt Crisis
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Copper futures fell from a four-month high in New York as signs of political turmoil in Europe rekindled concerns that the region’s debt crisis will erode global economic growth and commodity demand.
Spanish bonds dropped as Premier Mariano Rajoy faces opposition calls to resign amid contested reports about illegal payments. The dollar strengthened against the euro, reducing the appeal of raw materials as alternative investments. A gauge of six industrial metals has declined 3.4 percent in the past 12 months.