Economics
Copper Drops From Two-Week High on Outlook for Fed Stimulus Cut
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Copper declined for the first time in four days on concern that the Federal Reserve may start reducing stimulus in coming months amid improving U.S. economic data, reducing the demand outlook for the metal.
The contract for delivery in three months on the London Metal Exchange fell as much as 0.6 percent to $7,051.25 a metric ton and traded at $7,061.50 by 4:19 p.m. in Tokyo. The metal touched $7,133.75 earlier, the highest level since Nov. 12.