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Copper prices drop; Wall Street's tax rotation pauses

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - Copper prices fell steeply to their lowest point in two months on Tuesday, while U.S. technology stocks rebounded following a rotation away from the high-flying group that stemmed from improving prospects for a tax-cut plan.Copper lost 3.90 percent to $6,560.00 a tonne as inventories rose, on pace for its biggest single-session decline in more than two years. Other metals, such as nickel and zinc, also fell.Copper prices were also pressured by recent strength in the dollar, with many commodities denominated in the U.S. currency.Copper is a signal of ...

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First Published: Tue, December 05 2017. 22:14 IST