Copper prices slide as firmer US retail sales prop up dollar

Dec 13, 2007 | 02:53 PM | Sean Barry

Copper on the Comex division of the New York Mercantile Exchange dipped below $3 a pound Thursday as investors remained cautious and the dollar strengthened following better-than-expected retail sales figures and news of a plan by central banks to boost liquidity.

Copper for March delivery settled at $2.961 a pound, down from the previous day's close at $3.036. Comex copper has fallen more than 21 percent from its Oct. 3 high of $3.75 a pound. The spot December contract also fell to $2.9395 a pound from the previous day's $3.01-a-pound settlement.....

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