MARKET TALK: LME Copper Near 3-Week High On SHFE, Gold

LME copper near 3-week high, last at $7,220/oz, off $20 from intraday high but +$70 on London PM kerb Friday. Copper dealer at major Japan house cites gains in SHFE copper, gold's rise on weak USD, but consumer buying drops off; puts next target at $7,600, intraday high hit Oct, 24, but will be hard to reach as LME copper stocks rose Friday, fundamentals largely unchanged. Market to watch reaction of U.S. players later in day.