Copper Set to Enter Bear Market as Industrial Metals Drop
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Copper futures gained in New York, rebounding from the biggest drop in 16 months, as rising crude-oil prices helped boost commodities.
Crude oil in New York rebounded from a four-month low, and the dollar slipped against the euro, increasing the appeal of commodities as alternative investments. The Standard & Poor’s GSCI Spot Index of 24 raw materials climbed as much as 1.1 percent.