Short position purchases help recoup copper

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.

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