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Copper prices increased today following news that the Chinese government will make its currency more flexible and market driven.
Copper prices increased today following news that the Chinese government will make its currency more flexible and market driven, Reuters reported. Investors are still cautious, however, due to uncertainty over the future of the US Federal Reserve’s stimulus program.
Three-month copper prices increased $26 to reach $6,996 a tonne on the London Metal Exchange; they had sunk to three-month lows the day before. In New York, copper futures for December delivery rose $0.013, to $3.17 a pound, on the COMEX, The Wall Street Journal reported.
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