Saturday, 30 April 2011

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Comex Copper Slips On China Rate Hike Worries

  • Saturday, 30 April 2011
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  • NEW YORK (Dow Jones)--Copper futures extended their losses Friday despite the supportive influence of a weak dollar, as low trading volumes amplified concerns that China may raise interest rates at the weekend. China is the world's largest copper consumer, accounting for around 40% of world demand, and its battle against inflation has seen authorities raise interest rates to cool economic growth



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