(Bloomberg) -- Copper rose in New York, halting a
four-session slump, after a report showed that the U.S. grew
faster than economists predicted, easing concern a slowdown
would curb metal demand.
The U.S. expanded at a 3.4 percent annual rate last
quarter, the fastest pace in more than a year, as commercial
construction increased, the Commerce Department said today.
Copper had dropped 4.9 percent this week on signs of a worsening
U.S. housing slump. The metal, used in houses, appliances and
cars, has gained fourfold in the past four years during a global
expansion.
Read more at Bloomberg Commodities News
four-session slump, after a report showed that the U.S. grew
faster than economists predicted, easing concern a slowdown
would curb metal demand.
The U.S. expanded at a 3.4 percent annual rate last
quarter, the fastest pace in more than a year, as commercial
construction increased, the Commerce Department said today.
Copper had dropped 4.9 percent this week on signs of a worsening
U.S. housing slump. The metal, used in houses, appliances and
cars, has gained fourfold in the past four years during a global
expansion.
Read more at Bloomberg Commodities News
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