Copper Climbs

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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