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Copper in London Advances for Fourth Day on Dollar, Nears Five-Month High
Sep 27,2010 09:28CST
industry news
Source:SMM

Sep 27 (Bloomberg)--

Copper advanced for a fourth day as the dollar tumbled on speculation the Federal Reserve will ease monetary policy, boosting the appeal of dollar-denominated commodities.

The metal for three-month delivery on the London Metal Exchange rose as much as 0.5 percent to $7,986 a metric ton, and trade at $7,979 a ton by 8:04 a.m. in Singapore. Copper reached a five-month high of $7,990 a ton on Sept. 24.

 

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