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Copper gains amid easing rate hike bets
Copper prices slightly increased as expectations of a U.S. interest rate hike declined after employment data showed only 29,000 jobs were added last month, falling short of forecasts. This led to market stability near record levels amid concerns over a debt crisis and political risks in Europe. Futures contracts for copper rose by up to 0.9% on the London Metal Exchange, reaching a price of $14,351.50 per ton, supported by demand from infrastructure projects, data centers, and renewable energy initiatives despite economic pressures.
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