Copper trading range for the day is 402.5-409.5.
Copper dropped as pressure seen after IMF slashed the global economic forecast to 3.6% in its latest report considering weak European economy.
Investors were mostly focused on several US Federal Reserve officials’ speeches concerning easy monetary policy with the dearth of market-driven news.
IMF lowered its forecast for 2014 global GDP growth to 3.6%, down from 3.7%, but remained its 7.5% growth forecast for China’s GDP this year.
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