Copper Slips as the Week Ends Amid Macroeconomic Uncertainties
On Thursday, copper slipped lower as the conflict in the Middle East witnessed heightened volatility and macroeconomic variables weakened the price support offered by the possibility of the U.S. imposing tariffs on imports of the refined metal. A ton of the metal for delivery through the London Metal Exchange (LME) dropped to $13,572 per ton for 3-month delivery orders. This marked a 0.32% decline for the industrial metal. In Shanghai, the most traded contract for copper also shed 0.29% to settle at $15,366 per ton. While oil prices had recorded some gains in previous trading sessions, Thursday saw crude losing…