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Copper in New York Climbs to a Record on Global Economic Recovery Outlook
Dec. 31 (Bloomberg) --Copper jumped to a record in New York on optimism the global economic recovery is gaining momentum and as investors sought commodities as alternatives to declining currencies.
The metal for March-delivery on the Comex in New York gained as much as 0.8 percent to $4.3960 a pound, the highest ever for a most-active contract, surpassing the previous peak of $4.3790 a pound reached yesterday. It traded at $4.3815 a pound by 8:32 a.m. Singapore time
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