Copper Up Again to $3.026 Before Jobs Data

Copper extended gains, rebounding from a three-month low before a report projected to show nonfarm payrolls accelerated in the U.S., the second-biggest consumer.

The metal rose as much as 0.4 percent in London after touching the lowest since June 13 yesterday. Nonfarm payrolls grew by 215,000 workers in September, up from an increase of 142,000 in August, according to a Bloomberg survey of economists before data tomorrow. Other figures showed yesterday companies added more than 200,000 workers for a sixth straight month in September.

“With China on holidays, any positive reports on the U.S. economy will provide support to the market,” said Hiroyuki Kikukawa, the general manager of research at Nihon Unicom Inc. in Tokyo. Metals were also supported as the dollar halted its advance, he said.

Bloomberg

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