Copper Cautions

Taking a look at the direction of the price of copper over the past couple of weeks, the metal seems to be signaling an outlook contrary to the recent influx of positive news about the global economy, or at least it’s showing no particular enthusiasm. After a brief run toward $4 per pound on the New York Mercantile Exchange’s Comex on Feb. 9, the price of copper has settled back into a range around $3.80 to $3.83.

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