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11-Apr2011

Copper Furthers Gaining Momentum In Monday Session

Copper prices furthered its gaining momentum in Monday`s session as investors continued to trade with conviction as the American dollar continued to lose its sheen against a basket of currencies. The red metal denominated in a weaker dollar witnessed huge build up in positions as it became more lucrative for international investors holding currencies other than the dollar.

Copper for three-month delivery on the London Metal Exchange soared 0.3% to $9,902 a tonne.

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