Copper Climbs to One-Week High as Weaker Dollar Spurs Demand
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Copper climbed to the highest price in a week after a drop in the dollar boosted demand from buyers seeking alternative assets.
The greenback fell for a second day, losing as much as 0.6 percent against a basket of six currencies. Copper prices also gained today as inventories monitored by the London Metal Exchange sank to the lowest level since Nov. 13. The metal has lost 6.3 percent since April 1 on signs of a slowing global economy.