Metals News
[Cu] SMM Morning Review - 2009/12/3 Copper Market
smm insight
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Dec. 3 (SMM) -- Financial market continued to rise, and gold, stock and commodities prices advanced along with growing investor interests in high-risk and high-yield assets. Gold prices broke through USD 1,200/oz in London gold market, setting a new high; LME copper prices hit USD 7,170/mt, setting a new high since September 2008, and closed at USD 7,125/mt, up USD 50/mt. LME copper prices are expected to hit a new high as long as inventors continue to show high sentiment, and will climb to USD 7,200/mt in the near future.

 

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