US MIDDAY: copper surges

22 Aug, 2009

COMEX copper futures rallied early on Friday with equity markets after US existing home sales came in stronger than expected, traders said. Copper for September delivery topped resistance at a prior high of $2.84 a lb and soared to a peak at $2.8460 a lb, up 10.45 cents, a near 3.75 percent gain on the New York Mercantile Exchange's COMEX division.

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