Commodity prices fall on fears of U.S.-China trade war
  • 6 years ago
Trade tensions between the U.S. and China, and specifically the Trump administration's new tariffs on 50 billion dollars of Chinese imports... in part caused global commodity prices to fall by nearly 2 percent last week.
The Bloomberg Commodity Index on Friday showed copper closing at 7-thousand-20 U.S. dollars per ton, down 2-point-1-9 percent from the previous day.
Copper is the industrial metal that China consumes the most, but last month the country's industrial production rose less than usual.
The prices of other metals, such as aluminum and white gold, have also fallen... and so have oil prices.
The price of soybeans fell more than 2 percent, closing at just over 9 dollars a bushel.
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