Copper dipped on Tuesday as investors worried about rising U.S.-Sino tensions, the economic impact of the COVID-19 pandemic and a firmer dollar.The U.S. health secretary attacked China's response to the COVID-19 crisis on Tuesday as he visited Taiwan, regarded by Beijing as a breakaway province. He was the highest-level U.S. official to visit in four decades."Today we're drifting lower and geopolitics is playing its part. Copper looks a bit toppish and we had a warning shot on Friday when the market took a tumble," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.Three-month copper on the London Metal Exchange was down 0.4% at $6,372 a tonne by 1005 GMT after dropping to a one-month low on Friday and rebounding by 1.4% on Monday.Investors were reminded of the consequences of the virus as the number of people in work in Britain suffered the biggest drop in a decade.If copper sees renewed challenges to the downside, Friday's low of $6,226 is a key level, Hansen … [Read more...] about Copper dips as U.S.-China tensions simmer, economy weighs
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