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Article: Copper rally continues; gold, silver also hot.(Business)
- Article from:
- Manila Bulletin
- Article date:
- April 10, 2006
CopyrightCOPYRIGHT 2006 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: CLARE BLACK
LONDON, Apr. 9 (Reuters) a" Copper hit a new record peak early on Friday, moving ever closer to $ 6,000 a ton as funds, encouraged by strong fundamentals and dwindling stocks, continued to plough money into the red-hot commodities sector.
London Metal Exchange copper futures closed at $ 5,725 a ton on Friday, having earlier peaked at $ 5,830 and versus Thursdayas close of $ 5,778.
Gold briefly got closer to $ 600 an ounce after hitting a 25-year high on Friday, but it erased gains in late trading as a rally in the dollar and softer oil prices prompted some investors to book profits.
Silver also climbed to new highs ...