Reuters reported that US copper futures raced up after two reports showed improvement in the US jobs sector and in persona income, adding to the view that a pick up in growth will help metals demand. Gold reversed some of its steep losses in the previous session, as some investors found value at the lower levels. Fundamentals 1. Copper fell off a day high as the dollar rose further versus the euro after US data showed new claims for unemployment benefits held near four year lows last week suggesting the labour market was gaining momentum. 2. London Metal Exchange three month copper was up at USD 8,580 a tonne at 1445 GMT from a close of USD 8,499. The metal was up at a day high of USD 8,600 per tonne before the data. 3. US copper futures for May delivery surged 5.55 cents or 1.43% to USD 3.9260 per lb. 4. Gold rebounded as physical bullion investors were tempted back to the market by the previous session's 5% price plunge its biggest one day drop since before the collapse of Lehman Brothers in October 2008. 5. Spot gold was up 1.1% at USD 1,709.00 an ounce at 9:28 AM EST 1328 GMT. 6. US gold futures for April delivery were up USD 2.40 an ounce at USD 1,713.70. 7. Spot prices fell more than 5 percent on Wednesday after Federal Reserve Chairman Ben Bernanke gave no hints that a third round of quantitative easing, which had been a key support of gold prices, was imminent in the world's largest economy.

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