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Reuters reported that London copper prices made some modest gains on Thursday with a 0.3 percent bump to $7,260 per tonne.
Reuters reported that London copper prices made some modest gains on Thursday with a 0.3 percent bump to $7,260 per tonne. Urging copper on was an announcement from U.S. senate leaders that a bipartisan compromise to raise the debt ceiling and reopen the government could be in sight.
Nic Brown, head of commodities research at Natixis told the publication:
There’s a bit of a yo-yo going on ahead of the final decision.
The red metal is recovering from a three-week low of $7,081 which it hit last week.
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Featured Base Metals Investing Stocks
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MARKETS
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Commodities | |||
---|---|---|---|
Gold | 2035.69 | -8.84 | |
Silver | 25.25 | +0.29 | |
Copper | 3.85 | +0.03 | |
Oil | 75.78 | -2.08 | |
Heating Oil | 2.75 | -0.06 | |
Natural Gas | 2.81 | +0.01 |
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