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[ Base Metals ]
06 August 2020
Three-month base metals prices on the London Metal Exchange were mixed this morning, Thursday August 6, but the complex was up by an average of 0.4%. Pre-market major western equity index futures and equities in Asian-Pacific markets were also mixed.
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[ Base Metals ]
05 August 2020
Three-month base metals prices on the London Metal Exchange were firmer this morning, Wednesday August 5, with gains averaging 0.3%. Pre-market major western equity index futures were also in positive territory, while metals and equities in Asian-Pacific markets were mixed
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[ Base Metals ]
04 August 2020
The metals and equity indices were headed in different directions this morning, Tuesday August 4, with equities up and metals down, but good data may well push metals prices higher as the day progresses - especially given better-than-expected US vehicle sales in July.
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[ Base Metals ]
03 August 2020
The metals and equity indices were mixed this morning, Monday August 3, with numerous crosscurrents affecting the markets.
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[ Base Metals ]
29 July 2020
Markets were for the most part consolidating this morning, Wednesday July 29, with base and precious metals prices mixed, albeit with the path of least resistance remaining to the upside.
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[ Base Metals ]
27 July 2020
Gold is setting fresh record highs with prices having been as high as $1,943.70 per oz this morning, Monday July 27, while the base metals on the London Metal Exchange were up by an average of 0.8%.
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[ Base Metals ]
24 July 2020
The base metals were polarized this morning, Friday July 24, with prices on the London Metal Exchange down across the board, while the opposite was true for those on the Shanghai Futures Exchange.
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[ Base Metals ]
23 July 2020
Heightened diplomatic tensions between the United States and China, and their potential implications on the phase one trade deal struck between the two nations, were a headwind for the base metals this morning, Thursday July 23. Meanwhile, more liquidity keeps underlying sentiment bullish, as do supply concerns.
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[ Base Metals ]
21 July 2020
Markets were for the most part stronger this morning, Tuesday July 21, encouraged by the €750 billion ($858 billion) recovery fund that European Union leaders agreed on in the early hours of this morning.
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[ Base Metals ]
20 July 2020
Markets were mixed across the board this morning, Monday July 20, with traders focused on the prospects for a recovery fund from the European Union, while the weak Japanese export data highlights the economic damage that Covid-19 has dealt.