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copper-investing

Copper Extends Rally

Investing News Network
Nov. 08, 2010 02:50PM PST
Base Metals Investing

Bloomberg.com reports that Copper rose for the third straight day in New York.

Bloomberg.com reports that Copper rose for the third straight day in New York.

The market news is quoted as saying:

The Fed said last week it will purchase an additional $600 billion of Treasuries through June. Copper prices jumped 4.3 percent in the previous two days, reaching $3.9955 a pound on Nov. 5, the highest level in 28 months. The metal also rose on concern that a strike at the Collahuasi mine in Chile would worsen supply shortages.

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