Base Metals

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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MARKETS

Markets
TSX19062.85+42.18
TSXV616.25+9.15
DOW32036.90+162.06
S&P 5003998.95+39.05
NASD12059.61+161.96
ASX6794.30+35.10

COMMODITIES

Commodities
Gold1713.98-4.54
Silver18.77-0.04
Copper3.32+0.02
Palladium1898.00+17.99
Platinum879.00+2.99
Oil97.26+0.91
Heating Oil3.52-0.01
Natural Gas7.85-0.08

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