US MIDDAY: copper jumps

24 Mar, 2012

In New York, the May COMEX contract climbed 4.30 cents or 1.1 percent to settle at $3.8085 per lb on Friday, after dealing between $3.7625 and $3.8250. Volumes remained on the lighter side, with about 52,000 lots traded in late New York business, about a quarter below the 30-day norm, according to preliminary Thomson Reuters data.
The 19-commodity Reuters/Jefferies CRB Index was up 0.70 percent in late New York trade, recovering from Thursday's more than 1 percent plunge - its sharpest in two weeks.

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