Silver futures suffer their largest one-day percentage loss in over three months and copper futures settle at their lowest since November as economic data...
Silver futures suffered their largest one-day percentage loss in over three months, and copper futures settled at their lowest since November, as economic data from China dulled demand prospects for the industrial metals.
Some commodities, such as copper and silver, fell sharply Thursday because of a rebound in U.S. dollar and concerns over China, said Fawad Razaqzada, market analyst at StoneX. “The weakness in Chinese inflation data has intensified concerns about demand from the world’s second largest economy, where the recovery appears to be fading alarmingly,” Razaqzada said in market commentary, referring to China’s CPI and PPI data overnight as “benign.”
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