Three-month copper on the London Metal Exchange had slipped 0.36 percent to $6,910 a tonne by 0108 GMT, extending losses from the previous session when it closed down 0.8 percent.
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London copper slipped on Tuesday and was mired near 18-month lows on sluggish prospects for global growth, with traders waiting for China’s first economic report for the second quarter for clues on demand in the world’s top metals consumer.
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Three-month copper on the London Metal Exchange hit a session low of $6,800 a tonne, its weakest since Oct. 20, 2011. It was down 3.8 percent at $6,811.25 by 0117 GMT.
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London copper dropped 4 percent on Thursday to below $7,000 a tonne for the first time since October 2011, sending Shanghai copper limit down and reflecting investor worries over the health of the global economy.
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U.S. crude futures fell 43 cents to $86.25 a barrel, after earlier shedding more than $1 to hit a low of $85.61.
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Brent crude futures slipped below $97 a barrel on Thursday for the first time since July, as worries about global oil demand persisted amid rising U.S. fuel supplies and a recent slew of weaker-than-expected economic data.
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Spot gold was up 0.5 percent at $1,373.96 an ounce by 2:04 PM EDT (1804 GMT), having tumbled to its lowest since January 2011 at $1,321.35 on Tuesday.
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Gold, which has plunged more than 19 percent this year, marked a session low of $1,339.86 an ounce and stood at $1,350.61 by 0200 GMT, down $25.89.
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London copper was steady on Wednesday, supported by expectations the U.S. Federal Reserve will stick to its easing stance after a fresh batch of muted data, while concerns about demand growth kept a lid on prices.
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London copper was steady on Wednesday, supported by expectations the U.S. Federal Reserve will stick to its easing stance after a fresh batch of muted data, while concerns about demand growth kept a lid on prices.
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