Copper Futures Post Biggest Weekly Gain Since September
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Copper futures advanced, capping the biggest weekly gain in more than two months, on optimism that demand will increase in China, the world’s top user of industrial metal.
Confidence in China’s economy is at the highest in more than a year amid speculation that Xi Jinping, the new leader, will be better for the financial climate, according to a Bloomberg investor poll. A report tomorrow may disclose that manufacturing increased this month. In the U.S., business activity in November expanded for the first time in three months, MNI Chicago Report’s business barometer showed today.