Copper Falls Amid Speculation Fed May Taper Monetary Stimulus
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Copper fell after the biggest daily gain yesterday in 11 weeks as traders turned their attention to the likelihood of stimulus cuts by the Federal Reserve.
Metal for delivery in three months on the London Metal Exchange fell as much as 0.5 percent to $7,060 a metric ton and traded at $7,066 at 4:21 p.m. in Tokyo. The price climbed 1.9 percent yesterday, the most since Sept. 19.