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Signs of Economic Growth Drive Copper Prices Up

Posted on 03 July 2014

Copper closed at its highest price in more than four months on Wednesday as more signs of economic growth pushed prices for the industrial metal up. Copper for September delivery gained 6 cents, or 1.9 percent, to settle at $3.27 a pound Wednesday. That’s the highest price for the metal since February, according to the data provider FactSet.
A report on hiring from ADP, a payroll processor, said private employers added 281,000 workers last month, another sign the US economy is shaking off a winter slump………………………………………..Full Article: Source


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