Copper Prices Rally on QE2 Expectations
Copper settled at a 27-month high Tuesday, buoyed by expectations that the Federal Open Market Committee will approve a second round or quantitative easing.
Articles Tagged "metal copper"
Economic optimism drives copper to 10 month high
By Leia Michele Toovey- Exclusive to Copper Investing News Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last October, up slightly from Tuesday’s high [...]
As week closes, negative market sentiments extend to copper
By Leia Michele Toovey- Exclusive to Copper Investing News Copper started the week on the upside with the dollar’s decline instigating gains that strong- armed the market catastrophe’s negative sentiment. As the week progressed though, copper futures ended lower as global economic growth concerns and further turmoil in financials weighed on sentiment. Copper prices were [...]
