MW: Copper rises on jobs data; gold slightly higher
Copper futures rose Friday, while gold was slightly higher after government data showed the U.S. economy lost fewer jobs than expected in April, raising hopes for an economic recovery. Copper for July delivery gained 3 cents, or 1.4%, to $2.1945 a pound on the Comex division of the New York Mercantile Exchange. June gold rose $2.30, or 0.3%, to $917.80 an ounce. U.S. nonform payrolls fell by 539,000, while analysts on average had expected a decline of about 600,000, the Labor Department reported. The unemployment rate rose to a 26-year high of 8.9%.
