Last Updated : 20 November 2012 at 12:35 IST
LME Copper hits $7,800/ton levels first time since Nov 1
Source :Commodity Online
Author :Vibin Antony
Three-month copper added 2.6% on a close-to-close basis on Monday, finishing the day at $7,804 per tonne, the highest level since November 1.
The moment that confidence in the U.S. Dollar eventually breaks, the opportunity to buy si...
In terms of the regional end-demand breakdown, given that zinc (50%) and copper (43%) have.. 
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LONDON (Commodity Online): Copper prices closed above $7,800 per tonne on the London Metal Exchange for the first time in over two weeks on Monday with $200 added to the previous close as markets bought riskier assets.
Three-month copper added 2.6% on a close-to-close basis on Monday, finishing the day at $7,804 per tonne, the highest level since November 1.
The more confident buying follows positive signals that United States politicians will resolve their differences in negotiations over the country’s budget.
The US equity indices opened more than 1% higher on Monday after Barack Obama expressed confidence in securing a deal on the budget through Congress, while stronger-than-expected US home sales data also lifted the mood.
