The reddish metal notched its highest value in more than four months earlier in the session as persistent questions presented doubts whether demand for industrial metals would rise.
"It was really the BOJ announcement that spurred the rises today but this is not going to carry very far. People have seen improved sentiment, they have seen the central banks take action, so the question is: does all this feed into improved activity?," metals analyst Ivan Szpakowski with Credit Suisse told the news source on Wednesday. "Real demand is still slow. The big questions are: Will it improve? How much? How fast?"
At 7:16 a.m. on Wednesday, copper futures gained 0.32 percent, a 0.012 cent gain to $3.799 per pound.
The Wall Street Journal reports the reddish metal's gain on Wednesday mark the first climbs in two days, prompted by the Bank of Japan's stimulus announcement.
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