Copper Surged 2.7 Percent to a 16-Week High

Bloomberg reported that copper surged 2.7 percent to a 16-week high on hopes that new monetary policy will help China’s economy.

As quoted in the market news:

Copper futures for March delivery gained 2.7 percent to $3.735 a pound at 11:52 a.m. on the Comex in New York. Earlier, the metal reached $3.759, the highest for a most-active contract since Sept. 21.

Click here to read the full Bloomberg report.