Copper prices soared up to four month high price level on Tuesday, extending winning streak to a third straight day on hopes about economic policy loosening by Central Banks of US and Europe, in backdrops of traders who eyed on a favourable German ruling on the euro zone's bailout fund on Wednesday and amid Moody's warning to US. The industrial metal also accumulated some gains as dollar went weaker against a basket of currencies.
Copper futures for December delivery climbed by 0.85 cent to settle at $3.6970 per lb, after dealing between $3.6485 and $3.7125, on the Comex metals division of the New York Mercantile Exchange. Copper for three-month delivery on the London Metal Exchange edged up by $22 at $8,090, after hitting a peak of $8,127.75 a metric ton in the session.