Copper Gained 0.4 Percent Due to Rise in U.S. Production

Bloomberg reported that copper inched up after reports showed rise in U.S. manufacturing.

As quoted in the market news:

Copper futures for March delivery gained 0.4 percent to $3.7435 a pound at 11:47 a.m. on the Comex in New York. Earlier, the metal fell as much as 0.9 percent after the World Bank cut its forecast for global economic growth.

Click here to read the full Bloomberg report.