Copper prices extended the positive run on Thursday but could only manage to settle with marginal gains amid volatile trades. Investors added positions in the commodity after reports that Greek PM scrapped the controversial plan to hold a referendum over the European rescue package. Downside for the red metal prices also got capped after the unexpected interest rate cut from the European Central Bank. The growth sensitive commodity also edged up due to encouraging US economic reports indicating a fall in unemployment claims and rising factory orders.Copper futures for December delivery inched up 0.75 cents to settle at $3.5885 per lb after trading as high as $3.6090 and as low as $3.4740 on the Comex metals division of the New York Mercantile Exchange. Copper for three-month delivery on the London Metal Exchange settled at unchanged levels but was last bid at $7,910 a tonne against the previous closing level of $7,885.
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