Market Chatter: Gold Futures Settle Lower; Copper Drops Nearly 4%
"Gold futures fell Wednesday as the dollar rose, with the greenback drawing attention from investors looking for a refuge from the steep drop in U.S. equities," MarketWatch reported.
It said: "Copper futures, meanwhile, dropped to an 18-month low on demand concerns in the wake of recent data showing a slowdown in China's economic growth. June gold lost $4.70, or 0.3%, to settle at $1,382.70 an ounce on the Comex division of the New York Mercantile. Prices had gained 1.9% on Tuesday. May copper closed at $3.188 a pound, down 12 cents, or 3.6%. That was the lowest close for a most-active contract since October 2011."
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