Copper soars on high demand from U.S. and China

Source: WBP Online
© Scanpix/FP
Copper futures increased on Monday amid speculation of China's growing demand and U.S. expanding housing sector, stimulated by depreciating Dollar. Copper futures rose 1.46% and ended at $3.186 per pound on New York Comex. Both China and the U.S. are the largest metal-consumer countries. Commodities expressed in dollars typically rise when the greenback weakens.
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