The most actively traded March contract on Comex closed at $4.Black & Orange Friendship Bracelet per pound Wednesday after reaching an intraday high of $4.2185 per pound. The settlement was down 1.8 percent from Tuesday`s close at $4.209 per pound, but was still 0.8 percent higher than last Wednesday`s settlement at $4.Black And Gold Friendship Bracelet per pound. The profit-taking comes after the red metal has repeatedly tested new record highs through November and December. Earlier on Wednesday, three-month copper shed 1.6 percent to end second-ring trade on the London Metal Exchange at $9,060 per tonne after reaching a new record high Tuesday. The metal had closed the same ring at $9,208.50 per tonne Tuesday. Pewter And White Friendship Bracelet prices have enjoyed consistent upward pressure amid strong Chinese growth and inflation data, the extension of domestic tax cuts and indication that the U.S. Treasury will continue to execute fiscal stimulus by buying assets. Red Friendship Bracelet futures traders remain positive.
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