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Copper jumps on China’s big rate cut

Posted on 27 November 2008

From Theaustralian.news.com.au: Copper rose almost 4 per cent to as investors bet a rate cut in China, the world’s top consumer of the industrial metal, could help boost growth and demand.

However, metals trimmed some of their gains as the US dollar rose against the euro later in the day on renewed risk aversion and European shares fell along with Wall Street, dragged down by weak US data that fanned recession fears….. Full Article: Source


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