Friday, 1 July 2011
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Copper May Climb Next Week After Rising Above Moving Average, Survey Shows
Copper may rise after climbing above a moving average amid reduced concern Greece may default on its debt, a survey showed. Six of 11 analysts, investors and traders surveyed by Bloomberg, or 55 percent, said prices will gain next week. Three predicted a drop and two forecast little change. Copper for three-month delivery was up 3.6 percent for this week at $9,375 a metric ton by 4:45 p.m.
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