Manila: London copper futures edged lower on Wednesday, pulling back from the previous session´s nearly one-month peak, after U.S. President Donald Trump said he was not pleased with recent trade talks between the United States and China.
His comments on Tuesday came after U.S. Treasury Secretary Steven Mnuchin said over the weekend that the two countries had put the prospect of a trade war "on hold" while they work on a wider trade agreement, which helped revive appetite for riskier assets.
Three-month copper on the London Metal Exchange was down 0.5 percent at $6,945 a tonne by 0143 GMT, after peaking at $6,999 on Tuesday, its loftiest since April 26. In Shanghai, the most-traded July copper contract on the Shanghai Futures Exchange rose to a nearly one-month high of 52,180 yuan ($8,187) a tonne, tracking overnight gains in London.
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