In New York, the most-active May COMEX contract settled up 1.90 cents at $3.8890 per lb, near the upper end of its $3.8315 to $3.8965 session range. Trading volumes tipped 82,500 lots in late New York business, nearly 20 percent above the 30-day norm, according to preliminary Thomson Reuters data.
The day began with more selling tied to the festering debt crisis in Europe after a weekend meeting of the Group of 20 leading economies failed to reach agreement on making more funds available to Europe and said EU leaders must commit more money to fight the debt crisis at their summit this week.