Copper extended gains into a fourth day on Thursday as eurozone debt jitters eased and demand prospects from two of the world's largest buyers improved, helping propel prices to their highest in four months. In New York, the active March COMEX contract tacked on 4.80 cents or 1.3 percent, to settle at $3.8005 per lb. It moved between $3.7570 and its own four-month high at $3.8215.
Feeding the improved risk sentiment, Spain passed its biggest test of market sentiment so far this year, selling more longer-term debt than hoped, while France raised almost 9.5 billion euros in its first bond auctions since Standard & Poor's stripped the country of its AAA rating last Friday.
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