Copper price rebounds from lowest in a month on upbeat US data

Prices reversed direction in the afternoon after touching the lowest in more than a month in the morning when investors curbed buying of risky assets.Three-month copper on the London Metal Exchange had gained 0.9% to $9,488.50 a tonne by 1720 GMT after earlier touching $9,315, its lowest since Oct. 11.(File pic shows copper smelting in Peru)

LONDON: Copper prices bounced on Thursday, breaking a string of three sessions of losses, as buoyant U.S. data fuelled hopes of rising demand amid thin inventories.

Prices reversed direction in the afternoon after touching the lowest in more than a month in the morning when investors curbed buying of risky assets.