Copper, at a low of one year because of weak data

Copper prices fell on Monday in London with most industrial metals, as a result of data showing that China's economy grew at a slower pace in the second quarter, Indicating Lower Commodity Demand

Three-month benchmark copper fell 0.7% to $ 6,192 per tonne, near its lowest level in a year. Prices fell by about 14% in 2018.

The economic activity of the world's largest consumer of metals has been subject to government efforts to contain the accumulation of debt, while Chinese industrial production was progressing at its own pace Carsten Menke, commodity badyst, Julius Baer, ​​said that China's GDP data indicate that there is some stability in the economy, but they reveal some weakness in two years due to the intensification of the trade war with the United States. oscillation of "old activity" based on investment in infrastructure.

"These segments account for between 40 and 60 percent of China's metal demand and if we see a slowdown in the" old economy "it can not be good.

Copper stocks in registered stores in the LME increased by 1,525 tonnes to 257,200 tonnes, although they are still at their lowest level since January. [19659] 002] Of the other metals for industrial use, aluminum has gained 1.1% to $ 2,054 per tonne, zinc closed with a 4% drop to $ 2,474, lead dropped 1.2% to $ 2,175, tin lost 1%, 5% to $ 19,500; Gold is stable

Gold has remained stable as it has influenced the market of weak physical demand in major consumer areas and rising prospects US interest rates, although the dollar lost momentum.

Spot gold lost 0.2% to $ 1,239.11 per ounce. , the con US gold futures traded down $ 1.50, or 0.1%, to $ 1,239.70 an ounce

A weak dollar depreciates gold, which is traded on the greenback, for buyers who have other currencies.

However, weak physical demand in China and India and persisting expectations that the Federal Reserve will raise interest rates put pressure on the precious metal, traders said

. China's second quarter is weighing on the market, "said George Gero, managing director of RBC Wealth Management.

The Chinese economy experienced its slowest pace in the second quarter amid Beijing's efforts to contain the debt, while the growth of industrial production in June hit a minimum of two years.

Imports of Indian gold fell for the sixth month of June to 44 tons, a depreciation of the rupee local prices up to a maximum of 21 months, affecting demand.