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Copper Up More Than 5 Percent After Central Banks Action
Nov. 30, 2011 11:00AM PST
Base Metals Investing Reuters Africa reported that copper skyrocketed more than five percent after global central banks decided to provide liquidity to the financial system.
Reuters Africa reported that copper skyrocketed more than five percent after global central banks decided to provide liquidity to the financial system.
As quoted in the market news:
The central banks of the United States, euro zone, Japan, Canada, Britain and Switzerland moved to provide liquidity to the financial system, lowering the price on existing dollar swaps. Benchmark copper closed at $7,885 a tonne, more thanm5 percent up from a close at $7,490 on Tuesday.
