Copper ended up for a fourth straight day on Friday, as investors banking on a second-half demand revival in China and longer-term supply tightness stepped up purchases ahead of a long holiday weekend. Even after a highly-anticipated speech from US Federal Reserve chairman Ben Bernanke displeased some investors by failing to offer any fresh stimulus measures, industrial metal prices failed to reflect the disappointment.
Gains piled up across the complex, with short-covering rallies boosting both lead and zinc by more than 3 percent and nickel futures by 2.7 percent. In New York, the active December COMEX contract rose 1.95 cents to settle at $4.1175 per lb.
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