Copper Futures Fall on Sluggish U.S. Housing Sentiment
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Copper futures fell for the first time in three sessions on signs that the U.S. housing recovery may be slowing, fueling speculation that demand will ebb for the metal used in pipes and wiring.
Confidence among U.S. homebuilders in November stayed at a four-month low. In the week ended Nov. 12, hedge funds and other large speculators turned bearish on copper for the first time in two months, government data showed on Nov. 15.