COMEX Copper extended its losing spree and tested one week low of $4.24 per pound on weak equities and worries over global economic outlook. Threats to the global economy was the primary focus at the annual Davos think-tank meeting. IMF Managing Director Kristalina Georgieva, speaking in Davos on Monday, said the war, tighter financial conditions and price shocks – for food in particular – have clearly darkened the outlook for world economy. Powered by Commodity Insights
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