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Positive U.S. Manufacturing Data Kicks Copper up to Two-Month High
Jul. 02, 2013 06:21AM PST
Base Metals Investing Bloomberg reported that copper showed some strength on Monday, reaching a near two-month high, on positive manufacturing data from the U.S., suggesting that demand may be picking up.
Bloomberg reported that copper showed some strength on Monday, reaching a near two-month high, on positive manufacturing data from the U.S., suggesting that demand may be picking up.
As quoted in the market report:
The U.S. numbers are bullish for copper,” Michael Smith, the president of T&K Futures & Options in Port St. Lucie, Florida, said in a telephone interview. “Data out of the U.S. is helping allay some concern in the market that is plagued with worries about China.
