Copper Jumps 3%, Leading The Metals Market Rally


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Industrial and precious metals are up during midday trading on the COMEX. Copper has gained more than 3.2%, or 10 cents, at $3.40 per pound.

  • December gold contracts: Up 1.2% to $1,681 an ounce
  • December silver contracts: Up 2.0% to $32.65 an ounce
  • January platinum contracts: Up 1.7% to $1,545 an ounce

The increase comes as the U.S. dollar fell to three-week lows against the Euro. The Euro is up more than 1% today to $1.38. Miners are up on the improving commodities, with Freeport-McMoRan gaining more than 5%. 

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