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London lead jumps to near 7-month high on Fed move
SHANGHAI, Sept 14 |
SHANGHAI, Sept 14 (Reuters) - London lead jumped more than 2 percent on Friday to its highest level since the end of February after the U.S. Federal Reserve launched another round of aggressive stimulus.
Three-month lead on the London Metal Exchange gained 2.2 percent to a session high of to $2,204 per tonne shortly after its open.
The Fed said it would pump $40 billion into the U.S. economy until it saw a sustained upturn in the weak jobs market.
Three-month tin gained more than 3 percent to a session high of $21,000 per tonne, while three-month nickel jumped over 2 percent to its highest since early July. (Reporting by Carrie Ho; Editing by Ed Davies)
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