Source: Marketwatch
New York— Copper and silver futures rose on Thursday after reports that Chile, the world's largest copper producer, was hit by an aftershock to last month's earthquake, with tremors this time measured at magnitude 7.2. Other metals also rose, helped by a weaker dollar, which helped to offset fear Chinese tightening measures.
Gold for April delivery closed up 10 cents at $1,108.20 an ounce. Silver for April also rose, gaining 14.2 cents, or 0.8%, to $17.15 an ounce. "Economic data from China today caused investors to pause and ponder just how hard China may have to put on the brakes to curb growth unleashed by stimulus over the course of the last year," John Stoltzfus, an analyst at Ticonderoga Securities, wrote in a note. See full story.
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