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Bloomberg reported that copper registered its second day of gains in a row on encouraging inflationary data from China, cutting the likelihood of tightening of monetary policy.
Bloomberg reported that copper registered its second day of gains in a row on encouraging inflationary data from China, cutting the likelihood of tightening of monetary policy.
As quoted in the market report:
Copper for delivery in three months climbed 1 percent to $7,527 a metric ton by 10:07 a.m. on the London Metal Exchange and zinc rose as much as 1.3 percent. Copper for delivery in May added 0.7 percent to $3.395 a pound on the Comex in New York.
