Copper Price in Consolidation; Syria Crisis Weighs on Sentiment

  • Thursday, August 29, 2013
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  • Keywords:Copper Price London Metal Exchange
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[Ferro-Alloy.com] The London Metal Exchange copper was in consolidation mode during Asian morning trading on Thursday August 29 as geopolitical tensions in Syria kept investors jittery.
 
At 03:00 London time, three-month copper stood at $7,261 per tonne, down $2.5 from its opening price. “Escalating tension in Syria weighed on prices and commodities are soaked in risk aversion,” an analyst from Donghua futures said.
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