Copper Reaches 4-1/2 Month High With Fed Stimulus

Reuters reported that following Thursday’s Federal Reserve announcement of an aggressive stimulus plan, copper prices have reached 4-1/2 month highs.

As quoted in the market news:

Three-month copper on the London Metal Exchange closed at $8,380 a tonne, from Thursday’s close of $8,075 a tonne. The metal used in power and construction earlier hit its highest level since early May at $8,411 a tonne.

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