-
Base Metals Mixed as Investors Are Less Confident in Rising US Dollar
Shanghai base closed mixed yesterday, as the comparatively dovish stance of Fed President Powell weakened the inventors bid in a rising US dollar index, and the market was also less sensitive to the news concerning Fed’s interest rate hike. LME base metals mostly went up in the overnight trading. Copper dropped 0.23%, aluminium rose 0.44%, lead gained 0.56%, and zinc advanced 0.74%. SHFE base metals were mixed last night. Copper dropped 0.46%, aluminium lost 1.3%, lead won 1.27%, and zinc advanced 0.1%. Copper: Three-month LME copper opened at $9,957/mt and moved up to $10,008.5/mt, and closed at $9,963/mt, down ... (full story)