Copper Heads for Second Monthly Gain on Economies: LME Preview
Copper rose in London, heading for a second monthly gain, as economic data signaled global growth, boosting the demand outlook for the metal.
Metal Prices: -- Copper gained 0.4 percent to $8,632.50 a metric ton by 7:49 a.m. on the London Metal Exchange. Relative Strength Index 61. -- Aluminum rose 0.8 percent to $2,344 a ton. RSI 65. -- Zinc climbed 0.2 percent to $2,128 a ton. RSI 59. -- Lead gained 0.2 percent to $2,260 a ton. RSI 62. -- Nickel jumped 1.7 percent to $20,120 a ton. RSI 48. -- Tin was little changed at $24,060 a ton. RSI 55. Other Markets: Last % Change % YTD U.S. Dollar Index 78.154 -0.1 -2.5 Crude oil $107.04 0.5 8.3 Gold $1,787.40 0.2 14.3 MSCI World Index 1,305.52 0.2 10.4 Economic events: Forecast Prior Time (London) Germany Unemployment Change (000s) FEB -5K -34K 8:55 U.S. MBA Mortgage Applications FEB 24 -- -4.5% 12:00 U.S. GDP QoQ 4Q 2.8% 2.8% 13:30 To contact the reporter on this story: Maria Kolesnikova in London at firstname.lastname@example.org To contact the editor responsible for this story: John Deane at email@example.com
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