Price of Industrial Metals Falls

Due to a lack in consumer confidence, the price for industrial metals fell.

With the possibility of consumer confidence weakening, the price of industrial metals fell. According to the Conference Board, its consumer confidence index fell in January after increases in both November and December.

Prices for raw materials like copper and palladium will drop if traders believe consumers will slow down their spending. 

Both copper and platinum are down 2% this week.

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