Comex copper prices tumbled to a one-week low in the US morning on Wednesday August 1 after investors exited the complex due to ongoing worries about trade issues and potential strikes in South America.
Copper for September settlement on the Comex division of the New York Mercantile Exchange tumbled 7.70 cents or 2.7% to $2.7545 per lb. "While we think the summer sell-off in copper is not justified from a fundamental perspective, we cannot rule out further weakness in the days ahead due to the current bearish sentiment...