THE prices of copper on the London Metal Exchange (LME) steadied at the weekend, after dropping more than two percent in the previous session as lingering worries about euro zone debts and lacklustre U.S. data continued to weigh on sentiment.
Three-month copper on the London Metal Exchange edged up 0.4 percent to US $8,805 a tonne after falling as low as $8,700, the lowest since August 11.
The most-active November copper contract on the Shanghai Futures Exchange fell 0.5 percent after falling 0.2 percent in the last session.
Other commodities like gold saw prices continue their record-setting pace, as investors remained nervous about the slowing in the global economy and topped at US $1,880 an ounce on its fifth straight day of increases.
The price has risen about 30 percent this year and demand is expected to remain strong.
Gold for December delivery rose US $30.20 at the weekend to finish at US $1,852.20 an ounce after earlier reaching US $1,881.40 an ounce. The price is a record high in dollars but remains below the 1,980 peak when adjusted for inflation.
