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Aluminium slips on firmer US dollar, but heads for biggest weekly gain in a month

From brecorder.com

Aluminium fell on Friday, as a stronger dollar and mounting concerns over a potential economic recession after dimming hopes of a quick end to the Iran war outweighed supply fears that kept prices of the metal on track for a weekly gain. The most-traded aluminium on the Shanghai Futures Exchange was down 0.66% at 24,690 yuan ($3,586.94) per metric ton, as of 0152 GMT. It has risen 3.2% so far this week, the biggest weekly gain in a month. The London Metal Exchange (LME) will be closed on Friday and on Monday for the Easter holiday. The dollar strengthened after US President Donald Trump’s speech on Iran undermined ... (full story)

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  • Category: Fundamental Analysis