Bloomberg reported that three-month copper price reached six-month highs on the speculation that policy makers in the US and China will take measures to boost the economy with stimulus packages.
Bloomberg reported that three-month copper price reached six-month highs on the speculation that policy makers in the US and China will take measures to boost the economy with stimulus packages.
As quoted in the market news:
Three-month copper rose as much as 1.3 percent to $8,072.75 a metric ton on the London Metal Exchange, the highest price since May 14, and was at $8,058 at 4:32 p.m. in Seoul. The price jumped 4.7 percent last week, the biggest gain since the week to June 29, after U.S. payrolls data for August missed expectations and China approved new infrastructure projects.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1867.16 | -1.66 | |
Silver | 22.56 | -0.04 | |
Copper | 4.31 | +0.03 | |
Palladium | 2273.50 | +16.50 | |
Platinum | 980.00 | +17.00 | |
Oil | 106.17 | +3.76 | |
Heating Oil | 4.18 | +0.10 | |
Natural Gas | 8.04 | +0.09 |
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