U.S. copper ends higher on improved risk sentiment

NEW YORK, April 20 (Reuters) - U.S. copper futures ended up on Tuesday,
extending a bounce from the prior session's three-week low, after a string
of positive first-quarter earnings results boosted risk sentiment and
offset some concern tied to the fallout of a fraud investigation at Goldman
Sachs (GS.N).

For detailed report on global copper markets, click on [MET/L]

* Copper for May delivery HGK0 ended up 1.65 cents at $3.5135 per lb
on the New York Mercantile Exchange's COMEX division.

* Range from $3.4925 to $3.5525.

* On Monday, May copper hit a session trough at $3.4520, its lowest
level since March 29.

* COMEX estimated final copper futures volume at 53,371 lots, above
Monday's final count at 48,496 lots.

* Open interest down 1,148 lots to 154,257 contracts open as of April
19.

* Positive tone in equity markets stemming from upbeat quarterly
earnings results from companies such as Citigroup (C.N), Goldman and German
car maker Daimler (DAIGn.DE) provided support across broader commodity
complex. - Bob Haberkorn, senior market strategist with Lind-Waldock. [.N]
[ID:nN19126377]

* Risk aversion eased as fears about the impact of a fraud
investigation at Goldman Sachs (GS.N) receded - brokers.

* Euro up against dollar EUR= after German ZEW institute's April
economic sentiment index came in strongly above forecast. [USD/]
[ID:nDEP003302].

* Copper gains capped by uncertain demand outlook from top-consumer
China after Beijing moved this week to cap speculation in red-hot property
sector, a major user of copper pipes and wiring. [ID:nTOE63E08N]

* London Metal Exchange metal stocks <0#LME-STOCKS> fell by 350 tonnes
to 507,525 tonnes on Tuesday.

* COMEX copper stocks were unchanged at 101,128 short tons as of
Monday.

* LME copper for three-months delivery CMCU3 closed at $7,790 per
tonne from $7,696 per tonne at the close on Monday.
(Reporting by Chris Kelly; Editing by John Picinich)