Base Metals

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.

To view the whole Bloomberg report, click here.

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Markets
TSX20099.81+400.76
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COMMODITIES

Commodities
Gold1811.09+0.82
Silver21.11+0.03
Copper4.16+0.06
Palladium1946.01+11.99
Platinum943.12+2.88
Oil110.16+4.03
Heating Oil3.76+0.03
Natural Gas7.62-0.12

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