METALS-Copper rises as investors shrug off recovery woes on upbeat earnings
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 slu...