By Reuters Staff
2 Min Read
July 23 (Reuters) - Copper advanced on Friday, on track for a weekly gain, as risk appetite improved after upbeat earnings in the equities market helped overcome worries about global growth.
Three-month copper on the London Metal Exchange rose 0.9% to $9,524.50 a tonne by 0321 GMT, while the most-traded August copper contract on the Shanghai Futures Exchange advanced 1.8% to 69,860 yuan a tonne.
Copper is often used as a gauge of global economic health.
The European Central Bank’s pledge to keep interest rates at record lows for longer to boost recovery and a sluggish inflation also lent support.
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