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Copper Set for Weekly Gain as Chinese Buyers Return to the Fore
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Commodities Copper Set for Weekly Gain as Chinese Buyers Return to the Fore Copper headed for a weekly gain, as signs of a rebound in Chinese demand helped to offset hawkish messaging from the Federal Reserve about the likelihood of more interest rate rises. Benchmark futures were little changed near $14,460 a ton on the London Metal Exchange on Friday, on pace for the 11th weekly advance in the past 12. That streak saw the metal advance to a record earlier this month.
Commodities
Copper Set for Weekly Gain as Chinese Buyers Return to the Fore
Copper headed for a weekly gain, as signs of a rebound in Chinese demand helped to offset hawkish messaging from the Federal Reserve about the likelihood of more interest rate rises.
Benchmark futures were little changed near $14,460 a ton on the London Metal Exchange on Friday, on pace for the 11th weekly advance in the past 12. That streak saw the metal advance to a record earlier this month.