But it certainly will go up again. Before the EU summit, investors act cautiously in commodities. Oil and gold became cheaper light, the copper price hovered around its previous close of $ 7,835 per tonne.
The copper price remained virtually unchanged today.
Source: dpa
FrankfurtDie uncertainty about the outcome of the EU summit later this week, investors in commodity trading markets has kept at bay. "Investors are on hold," said David Morrison, market strategist at GFT Global, on Wednesday. The big fear is that could be adopted at the summit nothing concrete or sustainable solution to the debt crisis.Oil and gold became cheaper light, the copper price hovered around its previous close of $ 7,835 per tonne.
Yet there is hope that some of the politicians at their meeting on Thursday and Friday on measures to stabilize the monetary union in the long term. On Monday, Germany and France had developed proposals on how the fiscal and economic coordination can be strengthened in the euro-zone. In government circles, it said on Wednesday, however, the federal government is more pessimistic, if a successful agreement at the EU summit would. "From the many conversations in recent days and weeks, we have the impression, that have not yet understood, a number of players the seriousness of the situation," said a government official.
