Copper Falls to Three-Month Low on China, Europe Outlook
This article is for subscribers only.
Copper futures rallied from a three-month low after Federal Reserve Chairman nominee Janet Yellen backed U.S. stimulus measures until the economy improves.
In testimony during her nomination hearing before the Senate Banking Committee today, Yellen, the Fed’s vice chairman, said she is committed to promoting a strong economic recovery and will ensure monetary stimulus isn’t removed too soon. The Standard & Poor’s 500 Index of equities rose as much as 0.5 percent to a record.