Freeport-McMoRan stock pops in premarket as gold rips past $5,100 and copper stays hot
Freeport-McMoRan shares rose 2.6% to $60.41 in premarket trading Monday as gold prices hit a record above $5,100 an ounce. Investors moved into safe havens ahead of the Federal Reserve’s policy meeting this week. Copper prices held near $6 a pound, supporting mining stocks. No major company-specific news drove the move.