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Copper bounces off $8,000 support, ECB comment boosts

By International Business Times,  April 12, 2012, 11:01:03 AM EDT

London copper rose above its technical support at $8,000 as prospects of the European Central Bank buying more bonds helped ease concerns about Europe's debt crisis.

"The scale of market pressure on Spain is not justified given the reforms being undertaken by its government and the ECB still has its bond-buying programme as an option, ECB Executive Board member Benoit Coeure said on Wednesday.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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