Copper Rises Most in a Week on U.S. Economic Expansion
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Copper futures climbed the most in a week as a report showed the economy expanded at a faster pace in the second quarter in the U.S., the world’s second-biggest consumer of the metal.
Gross domestic product rose at a 2.5 percent annualized rate after expanding 1.1 percent in the first quarter, according to government figures. A separate report today showed applications for unemployment benefits unexpectedly fell last week. Asian investors bought copper to close out bets on a decline before national holidays next week in China, the top metal consumer, Korea Exchange Bank Futures Co. said.