Copper Advances 1.6 Percent

Bloomberg reported that copper advanced 1.6 percent to $3.53 a pound on hopes that China and the U.S. may move to bolster their economies.

As quoted in the market news:

Copper for September delivery climbed 1.6 percent to $3.53 a pound by 8:45 a.m. on the Comex in New York. The London Metal Exchange’s three-month contract rose 2 percent to $7,787.75 a metric ton.

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