London copper fell to a one-month low...

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London copper fell to a one-month low...

Post  RaahiShah on Wed Jul 25, 2012 4:44 pm

London copper fell to a one-month low on Wednesday before erasing losses to trade little changed as renewed worries over Greek and Spanish sovereign debt hit risk appetite and curbed expectations of metals demand. Investors continued to give the euro and risk currencies a wide berth on Wednesday following a selloff in global stocks as worries about the euro zone
debt crisis festered.

At LME, Aluminum erased previous session losses and plunged by 1.2% at $1895 per ton on Wednesday. The disappointment over Federal Reserve additional stimulus hopes conspired with the festering European debt crisis on German Chancellor Merkel's comments led the metal to slump down.
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