Copper Futures Post Biggest Gain in Almost Three Weeks
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Copper futures posted the biggest gain in almost three weeks on speculation that demand will rise in China, the world’s biggest consumer of industrial metals, as new leaders take steps to boost the economy.
Pressure is mounting on China’s officials to expand stimulus as they start a once-a-decade power transfer on Nov. 8 after the economy slowed for seven quarters in a row. Copper also gained as the dollar fell against a basket of major currencies, increasing the appeal of the metal as an alternative investment.