Copper awaits monetary easing in Asia

Source: Dukascopy Bank
Industry metals managed to climb despite weak US industry data as news on further China's easing bolstered the base metals pack.

Aluminum was the top-gainer amid indication of fresh liquidity pumping in Japan and China.

Copper followed bullish trend as the red metal was lifted by inspiring news from China and Japan. However, disappointing US economic data and elevated inventory levels at Shanghai warehouses capped the upswing.

Nickel was the only loser as Euro Zone's outlook remains fragile while weakness of the spot market activity also weighed.

Zinc advanced amid weaker US Dollar and expectation for price increase due to medium-term supply concerns.


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