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Copper edges up on China data but firmer US dollar caps gains
Copper prices were firmer in Asian trade on Friday, on track for weekly gains, as top metals consumer China boosted policy support for a sputtering economic recovery, with the metal holding on to the gains following a slew of encouraging Chinese indicators. China released monthly new home sales, property investment and industrial production data on Friday. Industrial output grew 4.5% in August from a year earlier, accelerating from the 3.7% pace seen in July. Three-month copper on the London Metal Exchange was up 0.9% at $8,497 per metric ton, as of 0405 GMT, while the most-traded October copper contract on the ... (full story)