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HANOI — Copper prices, often used as a gauge of global economic health, rose on Friday and were set for their seventh straight weekly gain on hopes that U.S. lawmakers would soon pass a new round of COVID-19 aid.
Three-month copper on the London Metal Exchange rose 0.9% to $7,988 a tonne by 0223 GMT and was up 0.9% for the week.
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Copper set for seventh straight weekly gain on U.S. stimulus hopes Back to video
The most-traded January copper contract on the Shanghai Futures Exchange advanced 1.6% to 59,170 yuan ($9,048.78) a tonne, on course for a weekly gain of 1.6%.