Lower Jobless Claims Prompt Rise in Copper

Bloomberg reported that an improved joblessness outlook and economic data boosted prices for copper for a third straight day.

As quoted in the market news:

Copper futures for delivery in March rose 0.6 percent to close at $3.4155 a pound at 1:16 p.m. on the Comex in New York. The price gained 2.6 percent in the previous two sessions as Chinese imports of the industrial metal climbed to the highest since June 2009.

Click here to read the full Bloomberg report.