Copper Advances on European Debt Accord, Confidence in Economy
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Copper rose, capping the third straight weekly gain, as European Union leaders agreed on a plan to contain future debt crises and as economic reports in the U.S. and Germany bolster prospects for metal demand.
EU leaders agreed to amend the bloc’s treaties to create a permanent crisis-management mechanism in 2013. The index of U.S. leading economic indicators increased in November by the most in eight months, a signal the recovery will strengthen early next year. German business confidence gained to a record in December.