Summary Box: Copper hits 8-month low as investors remain worried about pace of global recovery
By APMonday, June 7, 2010
Summary Box: Copper prices fall to 8-month low
COPPER FALLS: The price of copper fell for a sixth straight day on Monday. The industrial metal hit its lowest price in eight months.
UNCERTAIN OUTLOOK: Copper has been hammered because demand for the metal is highly reliant on industrial growth. Mounting debt problems in Europe and a decline in imports by China have investors uncertain about future demand.
GOLD A WINNER: Gold again was the big winner among commodities. Its value as a safe alternative to currencies was evident after the euro hit a fresh four-year low.
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