Copper prices sank on Wednesday, plunging to a five-year low to pace a broad selloff in the metals sector. Gold, however, escaped the rout to close mostly flat.
High-grade copper for March delivery HGH5, +1.88% dropped 14 cents, or 5.2%, to $2.51 a pound, hitting levels not seen since mid-2009. Copper had lost 8 cents in Tuesday trade on the New York Mercantile Exchange.
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High-grade copper for March delivery HGH5, +1.88% dropped 14 cents, or 5.2%, to $2.51 a pound, hitting levels not seen since mid-2009. Copper had lost 8 cents in Tuesday trade on the New York Mercantile Exchange.
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