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Comex copper slips from 2-week high

Print this page Posted on : 12-28-2011 by recycleinme.com

Copper futures pulled back from the previous session's two-week highs on Tuesday, as traders saw little reason to bet on a push to higher prices in light holiday trading.

The most actively traded contract, for March delivery, was recently down 1.6 per cent at $3.415 a pound on the Comex division of the New York Mercantile Exchange.

Trading was closed on Comex and the London Metal Exchange on Monday in observance of the Christmas holiday, and LME remained shut on Tuesday. Comex trading volume on Tuesday was below average.

Source : Business Line