Bloomberg News

Copper Futures Rise in N.Y. After U.S. Jobless, Housing Data

August 16, 2012

Copper rose after government data showed the number of building permits jumped to the highest in four years during July while jobless claims were little changed last week.

Futures for December delivery gained 0.4 percent to $3.3745 a pound at 8:45 a.m. on the Comex in New York. Earlier, prices dropped as much as 0.2 percent.

To contact the editor responsible for this story: Millie Munshi at mmunshi@bloomberg.net


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