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Updated from 11:49 a.m. EST
Copper prices plunged more than 7% Wednesday as concerns mounted about continued increases in metal stockpiles.
The benchmark copper contract for March delivery closed down 22.2 cents at $2.649 a pound on the Comex division of the New York Mercantile Exchange.
"The 'copper contagion' is once again in evidence," writes Edward Meir, an analyst at commodity brokers Man Financial, in a daily market brief. "Stocks were up again today, and we are in sight of the significant 200,000[-ton] mark." ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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