Copper Gains, Erasing Earlier Drop, on U.S. Consumer Confidence Report

(Bloomberg) -- Copper prices gained in New York,
erasing an earlier drop, after a report showed that confidence
among U.S. consumers unexpectedly rose in May.

The Reuters/University of Michigan's preliminary index of
consumer sentiment increased to 88.7 from 87.1 in April. The
measure has averaged 88.1 since monthly data were first compiled
in 1978. Copper has gained 16 percent this year during a global
expansion.


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