Posted AT 4:50 PM EST on 28/03/08
Base metals reverse gains on profit taking
NEW YORK — Industrial metals reversed early gains to end lower Friday as investors sought to cash in on recent strength and adjust positions ahead of quarter's end, analysts said.
Copper for delivery in three months, often seen as a gauge of real economic activity, ended the day at $8,405 (U.S.) per tonne at the London Metal Exchange, down $100 from Thursday's close.
“It has been a very good week.
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