Copper and Euro rise as Fed, China fears ease

Copper futures traded higher on Thursday, amid expectations the Federal Reserve will sustain its bond purchases for longer and after data showed that profit growth at Chinese industrial companies accelerated in May. On New York Mercantile Exchange’s Comex division, copper futures for September delivery traded at 3.069 USD a pound during European trading hours, up 0.9% on the day. New York traded copper prices increased by as much as 1.1% earlier in the session and hit a daily high of 3.073 USD a pound. The Commerce Department reported on Wednesday that US gross domestic product increased at...

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