Copper May Rise as U.S. Jobless Rate Buoys Demand

Base Metals Investing

Bloomberg reports Copper may extend gains on speculation that the U.S. jobless rate report will support the Federal Reserve’s plan to keep interest rates low.

Bloomberg reports Copper may extend gains on speculation that the U.S. jobless rate report will support the Federal Reserve’s plan to keep interest rates low.

The market news is quoted as saying:

Copper for delivery in three months was up 0.5 percent this week at $9,489.25 a metric ton as of 5:27 p.m. yesterday on the London Metal Exchange. .

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