Copper price hits record
China Daily | Updated: 2010-12-10 07:59
SINGAPORE - Copper climbed to a record in London and advanced to a 31-month high in New York.
The increase came on concern that the US Federal Reserve may extend asset purchases to support the economy, driving the dollar lower and boosting the appeal of commodities as alternative investments.
The metal for three-month delivery on the London Metal Exchange rose as much as 0.7 percent to $9,075 a ton, surpassing the previous peak on Dec 7.
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