Base Metals

Bloomberg reports Chile’s peso rose as copper prices and European stocks rallied.

Bloomberg reports Chile’s peso rose as copper prices and European stocks rallied.

The market news is quoted as saying,

Copper, which accounts for half of Chile’s exports, surged 1.8 percent to $4.47 per pound on the New York Mercantile Exchange, hitting a three-month high.

Chile’s central bank paid an average of 462 pesos per U.S. dollar for $50 million as part of a $12 billion effort to limit the peso’s gains, according to data posted on the bank’s website.

For the complete market news, click here.

MARKETS

Markets
TSX18729.66-104.50
TSXV602.35-13.59
DOW31037.68+69.86
S&P 5003845.08+13.69
NASD11361.85+39.61
ASX6594.50-34.80

COMMODITIES

Commodities
Gold1747.09+6.69
Silver19.36+0.17
Copper3.49+0.08
Palladium1930.50+14.50
Platinum863.00+7.00
Oil98.86+0.33
Heating Oil3.46+0.05
Natural Gas5.56+0.05

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