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Copper Hits Three-Week High as Central Bank Stimulus Still in the Picture
Jul. 11, 2013 06:36AM PST
Base Metals Investing Bloomberg reported that copper has spiked to a three-week high, as investors become more convinced that central banks will need to remain active to stimulate U.S. and Chinese economies.
Bloomberg reported that copper has spiked to a three-week high, as investors become more convinced that central banks will need to remain active to stimulate U.S. and Chinese economies.
As quoted in the market report:
That is a very clear steer that the weakness in Chinese growth will not be tolerated,” Nic Brown, head of commodities research at Natixis SA in London, said by phone today. “In combination with the comments from Bernanke, that really supercharged prices.
