MW: Copper falls below $2 after jobs data; gold dips
Copper futures fell Thursday in New York to below $2 a pound for the first time in two weeks, as data showed U.S. jobless claims rose in the last week, dampening economic recovery hopes. Gold edged lower as the U.S. dollar strengthened. Copper for July delivery fell 5.6 cents, or 2.8%, to $1.975 a pound on the Comex division of the New York Mercantile Exchange, dropping below the $2 level for the first time since the end of April. June gold slid $2.60, or 0.3%, to $923.30 an ounce. The number of initial jobless claims in the week ending May 9 rose 32,000 to 637,000, the Labor Department reported. It's the highest level since mid-April.
