Copper Rallies to Two-Month High

Source:

"Copper was boosted by a 'better than expected' jobless report and is approximately 13% off of its record high."

Copper Investing News, Leia Toovey

Fresh data suggesting that the U.S. economy may hold up in the face of global economic uncertainty sent copper futures to a two-week high on Thursday. Copper was boosted by a "better than expected" jobless report.

On the LME, three-month copper closed at $9,030 per ton, after hitting $9,075, its highest since Aug. 8 and breaching $9,000 for the first time in a week. Copper has struggled to stay above the key $9,000 price level since the downgrade to the U.S. Economy, and is approximately 13% off of its record high of $10,190 a ton hit in February. . .View full article

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