Softening dollar overseas supported gains in copper to its best level in more than two weeks on Thursday. COMEX copper was up 0.75% at $3.49 per pound. US stocks showed a significant rebound and accelerated to the upside following the Federal Reserves monetary policy decision of another 75 bps rate hike. Equities showed a substantial move back to the upside on Wednesday with the Dow and the S&P 500 reaching their best closing levels in well over a month. Meanwhile, sentiment was also buoyed by news on Monday that China plans to launch a $44 billion real estate fund to help property developers resolve a crippling debt crisis. Powered by Commodity Insights
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