(Bloomberg) -- Copper futures in Shanghai fell, erasing gains from the previous two days, as worse-than-forecast economic data from the U.S. and Europe raised concern that demand for the metal may lag behind supply.
Purchases of previously owned homes in the U.S., the world's second biggest copper user after China, dropped 8.4 percent last month to an annual rate of 6.12 million, from 6.68 million in February, the National Association of Realtors said yesterday. Industrial orders in the Euro-zone fell 0.7 percent last month.
Read more at Bloomberg Commodities News
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