Copper Gains In London For A Second Straight Session (27-Jun-2012)
Copper edged up in London trade on Tuesday, posting a two day straight gain, while U.S prices declined, as investors remained cautious ahead of European summit. The red metal gained support as copper is going to be restocked by China due to favorable price arbitrage and on signs of stability in the U.S housing market.
Copper futures for July delivery eased 0.50 cent to settle at $3.3205 per lb, after dealing from $3.3030 and $3.3445, on the Comex metals division of the New York Mercantile Exchange. Copper for three-month delivery on the London Metal Exchange geared up $23 to end at $7,359 a ton.
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