Copper Climbs for a Third Day on Greek Polls: LME Preview
Copper advanced for a third day after Greek opinion polls showed voters backed parties that support the European Union’s bailout, easing concern the country will exit the currency bloc and boosting the outlook for global growth and base-metals demand.
Metal Prices: -- Copper gained 1.3 percent to $7,741 a metric ton by 8:09 a.m. on the London Metal Exchange. Relative Strength Index 41. -- Aluminum rose 0.5 percent to $2,024 a ton. RSI 40. -- Zinc was little changed at $1,909.75 a ton. RSI 42. -- Lead was up 0.3 percent at $1,955 a ton. RSI 41. -- Nickel advanced 0.4 percent to $17,110 a ton. RSI 46. Other Markets: Last % Change % YTD U.S. Dollar Index 81.928 -0.6 2.2 Crude oil $91.81 1.1 -7.1 Gold $1,581.30 0.5 1.1 MSCI World Index 1,194.28 0.5 1.0 Economic events: Forecast Prior Time (London) Italy Business Confidence MAY 88.6 89.5 9:00 To contact the reporter on this story: Maria Kolesnikova in London at firstname.lastname@example.org To contact the editor responsible for this story: Claudia Carpenter at email@example.com
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