Copper Climbs

- May 9th, 2011

Bloomberg reports that Copper surged after Goldman Sachs Group Inc. said that commodities may recover from an 11 percent slump.

Bloomberg reports that Copper surged after Goldman Sachs Group Inc. said that commodities may recover from an 11 percent slump.

The market news is quoted as saying:

Copper futures for delivery in July rose 4.1 cents, or 1 percent, to close at $4.0165 a pound at 1:13 p.m. on the Comex in New York. On May 6, the price touched $3.928, the lowest for a most-active contract Dec. 1. The metal reached a record $4.6575 on Feb. 15.

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