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Copper Rises to Highest Price since July 2008 on Lower Dollar: LME Preview

iconOct 26, 2010 00:00

Oct 25 (Bloomberg) -- 

-- Copper jumped $191.25, or 2.3 percent, to $8,525.25 a metric
ton at 8:04 a.m. on the London Metal Exchange. Relative Strength
Index 69.1.
-- Aluminum gained 1.9 percent to $2,410 a ton. RSI 61.1.
-- Zinc jumped 3.2 percent to $2,592.50 a ton. RSI 77.6.
-- Lead rose 2.5 percent to $2,593.75 a ton. RSI 74.3.
-- Nickel gained 2.8 percent to $23,865 a ton. RSI 53.9.
-- Tin gained 1.9 percent to $26,899 a ton. RSI 66.7.

Other markets:      Last           % Change   % YTD
U.S. Dollar Index   76.852          -0.8       -1.3
Crude oil           $82.6            1.1        4.1
Gold                $1,343.60        1.1       22.5
MSCI World Index    1,228.37         0.4        5.1

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)

U.S. existing home sales             4.30M       4.13M     15:00

             

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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