Commodities
Copper in London Retreats From $10,000 as US Prices Edge Higher
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Copper in London slipped after reaching $10,000 a ton for the first time in five months as the dollar pushed higher as traders assessed uncertainty surrounding a trade war and its impacts on the global economy.
Meanwhile, copper futures on New York’s Comex edged higher, pushing closer to an all-time high reached last May, as traders anticipate US import tariffs on the wiring metal. Comex prices rose 0.2% to close at $5.112 a pound as of 5 p.m. in New York, extending gains this year to 27%.