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Metals prices consolidate while uncertainty, firmer dollar cap the upside
Three-month base metals prices on the London Metal Exchange exhibited mixed movements while consolidating this morning, Thursday January 17. Copper, nickel, lead and zinc were down by between 0.1% and 0.5%, while aluminium and tin prices were up by 0.3% and 0.4% respectively.
The three-month copper price was off by 0.1% at $5,973 per tonne.
Volume across the LME base metals complex was above average with 7,022 lots traded as of 6.56am London time.
Precious metals prices were mostly consolidating this morning with gold, silver and platinum off by between 0.1% and 0.2%, while palladium prices were up by 0.3% at $1,362.50 per oz – having set a fresh record at $1,372 per oz on Wednesday. Gold prices were recently quoted at $1,291.81 per oz.
In China, base metals prices on the Shanghai Futures Exchange were mostly up, the exception being tin, where the most-traded May contract of which was down by 0.2%. The rest were up by an average of 0.6%, led by a 1.3% rise in the February zinc contract, while the February copper contract was up by 0.5% at 47,390 yuan ($7,007) per tonne.
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Metals prices consolidate while uncertainty, firmer dollar cap the upside
Three-month base metals prices on the London Metal Exchange exhibited mixed movements while consolidating this morning, Thursday January 17. Copper, nickel, lead and zinc were down by between 0.1% and 0.5%, while aluminium and tin prices were up by 0.3% and 0.4% respectively.
The three-month copper price was off by 0.1% at $5,973 per tonne.
Volume across the LME base metals complex was above average with 7,022 lots traded as of 6.56am London time.
Precious metals prices were mostly consolidating this morning with gold, silver and platinum off by between 0.1% and 0.2%, while palladium prices were up by 0.3% at $1,362.50 per oz – having set a fresh record at $1,372 per oz on Wednesday. Gold prices were recently quoted at $1,291.81 per oz.
In China, base metals prices on the Shanghai Futures Exchange were mostly up, the exception being tin, where the most-traded May contract of which was down by 0.2%. The rest were up by an average of 0.6%, led by a 1.3% rise in the February zinc contract, while the February copper contract was up by 0.5% at 47,390 yuan ($7,007) per tonne.
For More Information Contact Us-9719026661
https://api.whatsapp.com/send?phone=919720003255
www.royaltraders.co
Best Accuracy Of RoyalTraders
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