The copper market has joined gold and platinum with posting sizable gains this morning. Post meeting comments from the Federal Reserve may have provided many traders and economists with improved market sentiment, as US equity markets reflected a positive initial reaction. Some traders feel that the markets remain somewhat confident in the US economy's capacity for recovery but the promise of assistance if needed from the Federal Reserve was enough to strength overall market sentiment. Other traders feel that the copper market may be relieved that the debt situation in the Euro zone has drifted onto the market's back burner. News that China was planning to close some outdated copper production capacity may be the result of environmental concerns, but some traders also think that decision was made in part because their economy may be weakening. It is also possible that copper is finding some support from hopes of positive results from the US initial claims and pending home sales figures later this morning. LME copper stocks overnight showed a decline of 1,050 tons, which puts LME copper stocks down at 255,350 metric tons.