Copper had looked to be on a rocky road to recovery throughout the first half ofSeptember, boosted by a host of production cuts. However, the Fed’s meeting,at which it was announced that no interest rate hike would be immediatelyforthcoming, has proved to be more of a turning point than we had beenexpecting. Throw in ongoing releases of weak Chinese data, and while copper isnot alone here it has been hit particularly hard, losing over 7.6% of its value sinceSeptember 17, as it succumbs to what appears to be another systematic sell off.
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