US MIDDAY: copper soars

30 Nov, 2010

Comex copper eking out a modest gain on Monday, as expectations of an undersupplied market outlook continued to offer firm support. COMEX copper for March delivery rose 0.50 cent to settle at $3.7675 per lb, after dealing between $3.7115 and $3.8095. "There is clearly a lot of macro chaff floating around," said Daniel Major, an analyst at RBS Global Banking & Markets.

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