Three-month copper prices on the London metal Exchange hit a month-high of $7,145 a tonne in London before settling back down to $7,130.
Copper Market News Directory
Positive data from the U.S. gave copper a much needed push.
Like gold and silver prices today, copper took a dive due to investor fears surrounding the future of the U.S. Federal Reserve's stimulus tapering.
Copper makes slow gains ahead of U.S. economic data.
Copper prices were down in London Nov. 26, with three-month copper falling $21.94 to $7,077.25 a tonne on the London Metal Exchange, Reuters reported.
Copper prices in London fell due to a rising dollar and fears over rising supplies of the industrial metal.
Copper prices increased today following news that the Chinese government will make its currency more flexible and market driven.
Copper prices rebounded from an intraday low of $6,910 per tonne.
Copper prices were down $21.25 on November 18 from the previous session at $6,988.75 a tonne on the London Metal Exchange.
Copper prices sank to a three-month low Nov. 13 as investors keep close watch on the U.S. Federal Reserve's next move.