Copper in London Gains $5 to $7,070 a Tonne

Copper prices were steady November 27 as investors await new U.S. economic data due later today. A weaker dollar against the euro helped support the base metals market as well, Reuters reported.

Three-month copper was trading at $7,070 a tonne, up $5 from the previous session, according to the source.

“The release of major U.S. economic data will be the main focus for today’s trading session,” Myrto Sokou, senior research analyst at Sucden, told Reuters.

On the Comex in New York, copper futures for March delivery fell slightly by $0.30 to $3.22 a pound, according to The Wall Street Journal.