Copper Futures Drops Most Eight Weeks on Signals U.S. Demand May Decline

(Bloomberg) -- Copper in New York dropped the most
in eight weeks on speculation that an economic slowdown in the
U.S., the world's second-largest consumer of the metal, will
reduce demand.

Growth in U.S. service industries slowed more than forecast
in July, and U.S. employers added fewer jobs last month than
projected, reports showed today. Copper, which sometimes moves
in tandem with economic expansion, dropped for the second
straight week on concern that losses in equity markets may
spread to commodities.


Read more at Bloomberg Commodities News