Copper has risen from 19-month lows due to a strong market and movement from the US bailout plan.  

Copper holds positive territory early Tuesday in tandem with recoveries in the broader commodity complex. The Reuters-Jefferies CRB .CRB, a global commodities benchmark, was up nearly 1 percent at one point at 314.20.

Copper rise supported by the U.S. Federal Reserve creation of a special purpose facility to begin buying commercial paper, a move aimed at calming chaotic financial markets.

Find the complete article here.

The euro was up from a 14-month low and with a weaker US dollar metals sold through US currency have a stronger appeal to non-US investors.

The bursting of the credit bubble has pricked that particular balloon and now flagging confidence in the U.S. government’s $700 billion TARP rescue package and deepening signs that the lingering liquidity/credit crunch is biting globally is sending the markets reeling in a one-way death spiral, fuelling super-charged risk-reduction/de-leveraging.” – RBC Capital Markets.

Find the article here.

Comment

Tweet