FXS: Commodities Copper gains on day, drifting from highs
FXstreet.com (London) - Copper the industrial metal, has continued to drift from highs as the the aftermath of the tragic natural disaster in Chile unravels. Copper price jolted upwards last week on news of the disaster which struck one of the worlds major producers and seems likely to cause considerable supply distrubtion.
Copper trades at 33380 for a gain on the day, while elsewhere in the metals sector gold has also taken back $5 to trade back near the top of its range at $1120. Coper price remains well supported by Chinese demand by poor global growth indicators keep the metal from overextending gains.
