Low Chinese Inflation Pushes Copper up

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.

To view the whole Bloomberg report, click here.