Copper is trading lower as China’s economy is slowing down and the U.S. dollar moves higher, Eric Zuccarelli, independent metals trader on the NYMEX trading floor tells TheStreet’s Jill Malandrino. Just last week copper was up towards resistance but it seems there are more shorts coming into the market. Gold continues to jockey around the key $1,200 level, with resistance around $1,209-$1,210 and support in the $1,185-$1,190 range. Zuccarelli expects gold to continue to trade range bound, largely dependent on the U.S. dollar move, interest rate hike speculation and Greece debt repayment concerns.
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