Commodity Blog |
| Third Day of Fast Losses for Copper on Cyprus Deadlock Posted: 19 Mar 2013 11:31 AM PDT Copper continued its downward slide today as the Cypriot lawmakers are expected to reject bank-deposit tax, maintaining a dangerous level of uncertainty. Other industrial commodities felt influence of the small nation’s financial and political crisis. While gold is rising beyond $1,600 level quite well on such news, copper, which is extensively used in various industries and real estate development, suffers, even though the housing data from the United [...] |
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