Copper Rises on US Budget Cues

- October 10th, 2013

Reuters reported that copper prices climbed on Thursday, as signs the the U.S. government could reach an agreement on the budget and debt-limit standoff.

Reuters reported that copper prices climbed on Thursday, as signs the the U.S. government could reach an agreement on the budget and debt-limit standoff.

According to the market news:

The possibility of an end to the U.S. government shutdown, now in its 10th day, and an agreement to raise the debt ceiling lifted global stock markets and the dollar.

Benchmark three-month copper ended at $7,145 from a close of $7,100 on Thursday.

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