Copper Rises to Four-Month High on Speculation Demand to Climb
This article is for subscribers only.
Copper climbed to the highest price in four months on speculation that demand will rise as governments worldwide pledged to boost growth.
Federal Reserve Chairman Ben S. Bernanke said on Aug. 27 the U.S. central bank “will do all that it can” to ensure a continuation of the economic recovery. The Bank of Japan expanded credit today in a bid to accelerate expansion and said it is ready to take more action if necessary. Copper advanced 2.2 percent last week, the biggest such gain in a month.