(Bloomberg) -- Copper rose for a third day in New
York, erasing an earlier decline, as a tame inflation report
eased the risk of higher U.S. interest rates that threatened to
curb investment in manufacturing and the construction industry.
Copper, which generally moves in line with economic growth,
has increased 18 percent this year. So-called core consumer
prices, which exclude food and fuel, rose 0.1 percent last month
after a 0.2 percent gain in April, the Labor Department said
today in Washington. The median estimate of 79 economists
surveyed was for a 0.2 percent gain.
Read more at Bloomberg Commodities News
York, erasing an earlier decline, as a tame inflation report
eased the risk of higher U.S. interest rates that threatened to
curb investment in manufacturing and the construction industry.
Copper, which generally moves in line with economic growth,
has increased 18 percent this year. So-called core consumer
prices, which exclude food and fuel, rose 0.1 percent last month
after a 0.2 percent gain in April, the Labor Department said
today in Washington. The median estimate of 79 economists
surveyed was for a 0.2 percent gain.
Read more at Bloomberg Commodities News
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