World Economy

Metals Decline

Metals DeclineMetals Decline

Copper slid for a seventh straight session on Monday to its lowest in a month as concerns remained over demand in top consumer China, Reuters reported. Three-month copper on the London Metal Exchange had fallen 0.7% to $4,801.50 a ton, after losing 0.2% in the previous session. Gold nursed losses. Spot gold eased 0.1% to $1,220.60 an ounce, after dropping 0.8% on Friday. Zinc, lead and tin also declined, though aluminum held gains from the previous session when it hit a three-week high after data showed China’s factory sector grew for the first time in nine months.