News Summary: Copper Rises On China Manufacturing
By The Associated Press
GLEAM IN COPPER: Copper rose to its highest level in nearly seven weeks on signs that China's manufacturing industry is getting healthier even though its U.S. counterpart suffered a setback. Investors hope that the improvement in China will increase demand for copper and other commodities.
REVVED UP: Platinum and palladium prices rose as U.S. auto sales rebounded in November, in part because of stronger demand after Superstorm Sandy hit the Northeast. The two metals are used in automobile catalytic converters.
MIXED BAG: Prices rose for gold, oil, corn and soybeans. Wholesale gasoline, heating oil and wheat fell.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts