Copper Rises for Third Day on Jobless Claims, U.S. Confidence
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Copper climbed for a third day, the longest rally this month, as U.S. reports showed an improved labor outlook and gains in consumer confidence, boosting demand prospects for the metal used in pipes and wires.
Jobless claims unexpectedly dropped to the lowest since April 2008, a sign that the labor market in the world’s second-largest copper consumer is strengthening heading into 2012. Consumer confidence climbed to a six-month high. Personal spending probably increased in November, economists said before a report tomorrow.