(RTTNews) - Copper fell on Monday, backing away from a 13-month high, following the lead of other metals. A stronger U.S. dollar reduced the appeal of those using other currencies.
Copper for December delivery fell to $3.011 a pound, down 2 cents for the session.
The dollar climbed to an eight-day high against the euro after extending a 14-month low overnight. Lower global stocks sent traders toward the less-risky currencies.
Traders looked forward to key housing data on Tuesday. The Case-Shiller Home Price Index report is due at 9 a.m. ET. A drop of 11.9% is expected for August, compared to an increase of 13.3% in the prior month.
Copper prices surged to a yearly high on Friday, boosted by an encouraging housing report from the the National Association of Realtors. Prices touched as high as $3.062.
