LME OFFICIALS: Copper prices drift as market braces for Jackson Hole

Copper prices settled lower in official trading on the London Metal Exchange on Friday August 3,1 as positions were closed out ahead of a speech to be given by Ben Bernanke at an annual meeting of central bankers in Jackson Hole, Wyoming, later in the day.

Copper prices settled at $7,590/91 per tonne on Friday, down from $7,624/25 per tonne a day earlier, after trading within a narrow range throughout the day.
The red metal hit a low of $7,565 per tonne shortly after opening and recorded a high of $7,615.755 per tonne, fluctuating in line with a moderate improvement in the euro.

The improvement seen moving into the afternoon...


Mark Burton

August 31, 2012

13:59 GMT