BLBG: Copper Gains in New York as Stockpiles Dwindle, Dollar Weakens
Copper rose in New York as inventories slipped for the 10th straight session in London and the dollar weakened, enhancing the metal’s appeal to investors.
Copper futures for July delivery advanced 1.1 cents, or 0.5 percent, to $2.0805 a pound at 8:21 a.m. on the New York Mercantile Exchange’s Comex division. Stockpiles monitored by the London Metal Exchange fell 2.1 percent today. The dollar slipped against the euro for the third consecutive session.