Base Metals Preview: COMEX copper near 6-week high; Set for weekly gain of over 2.5%

COMEX copper is accelerating gains near a six week high amid sustained weakness in dollar and positive cue from equities. The strength on Wall Street came amid a positive reaction to separate Labor Department reports on consumer price inflation and weekly jobless claims. The Dow surged 617.08 points or 1.4 percent to 46,108.00, the S&P 500 jumped 55.43 points or 0.9 percent to 6,587.47 and the Nasdaq advanced 157.01 points or 0.7 percent to 22,043.07. Copper is up more than 2.5% this week so far.

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