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    market news

    Short position purchases help recoup copper

    Melissa Pistilli
    Sep. 05, 2008 09:07AM PST
    Market News

    Copper Investing News reports bargain hunters took advantage of lower prices with positive note on Copper prices as well as the strengthening U.S. dollar. The dollar surged to its highest level against the euro since January amid growing expectations that the American economy would outperform its European counterpart. Copper for December delivery HGZ8 closed up by 3.90 cents at …

    Copper Investing News reports bargain hunters took advantage of lower prices with positive note on Copper prices as well as the strengthening U.S. dollar.

    The dollar surged to its highest level against the euro since January amid growing expectations that the American economy would outperform its European counterpart. Copper for December delivery HGZ8 closed up by 3.90 cents at US$3.3120 a lb on the New York Mercantile Exchange’s COMEX division; the session range spanned US$3.2520 to US$3.3315. COMEX estimated final futures volume was at 10,979 lots, compared with the 19,097 lots recorded on Tuesday.

    For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to the Resource Investing Newsletter.

     

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