US MIDDAY: copper soars

01 Jun, 2011

Copper rose to a four-week high early on Tuesday, swept up in a wider commodity rally as the dollar fell against the euro and investors increased exposure in the asset class as a hedge against rising inflation. In New York, prices failed to match the earlier overseas strength. The July COMEX copper contract backed away from its own four-week high to end down 0.85 cent at $4.1775 per lb.

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