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Freeport-McMoRan (FCX) Stock Higher as Commodities Rally

NEW YORK (TheStreet) -- Freeport-McMoRan (FCX) stock is increasing 6.63% to $11.10 in late-afternoon trading on Monday as the natural resource company benefits from today's rally in commodities.

Prices of metals such as copper and gold are higher this afternoon on a weaker dollar, which makes the dollar-denominated commodities less expensive to foreign buyers.

Copper for July delivery is rising 0.75% to $2.09 per pound on the COMEX, while gold for June delivery is up 0.17% to $1,274.80 per ounce.

Gold prices are further benefiting as investors'...