Copper in London gains for a second day

Copper gained for a second day in Asia, paring the first weekly loss in a month, as the dollar’s decline boosted the appeal of commodities priced in the US currency. The metal for three-month delivery on the London Metal Exchange rose as much as 0.3 per cent to $7,275 a metric tonne by 11:33 am in Singapore, extending yesterday’s 0.8 per cent gain. It is still down 1.3 per cent this week on concern a global economic slowdown will damp metals demand.