Copper Up More Than 5 Percent After Central Banks Action

- November 30th, 2011

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.

Click here to read the full Reuters Africa report.

Get the latest Copper Investing stock information

Tags

Leave a Reply