China stimulus boosts copper

UNCERTAINTY over when the Federal Reserve will raise interest rates is having an effect on gold, with prices falling for the third time in four days.
China stimulus boosts copper China stimulus boosts copper China stimulus boosts copper China stimulus boosts copper China stimulus boosts copper

Bloomberg said the precious metal had experienced a high level of volatility in the past 30 days but made some early advances on Thursday.

Copper jumped the most in three weeks, spurred by China's moves to increase stimulus measures to boost its economy.

The last quarter had GDP growing at its slowest pace since 2009 and the economy expand 7%. Industrial production for March rose 5.6% from a year earlier, which was the smallest increase since November 2008.

Chinese equities rallied to a seven-year high on Thursday, with aluminium, lead, nickel and zinc prices also on the rise.

However, tin hit a five-year low, falling 5.4% to $US14,995 per tonne, according to the London Metal Exchange.

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