Copper Snaps Three-Day Skid as Speculation Grows Around Central Banks Stimulation

Bloomberg reported that copper rebounded in Wednesday trading in London, snapping a three-day slide.

As quoted in the market report:

Copper for delivery in three months added 1.7 percent to $6,990 a metric ton by 9:43 a.m. on the London Metal Exchange. Prices slumped the most since 2011 last week as the metal entered a bear market. Copper for delivery in July rose 2.2 percent to $3.1715 a pound on the Comex in New York.

To view the whole Bloomberg report, click here.