Industry metals fell after rally

Source: Dukascopy Bank
Base metals tumbled on Thursday as investors tended to sell off metals to book profits before US employment report due on Friday. At the same time, the world top metals' producers reported a decline in copper and zinc production over 2011. Aluminium was the top loser, falling by 3.09%. The metal may found support on the increase in cancelled warrants at the LME; however, LME inventories remained at the record high. Copper and nickel may face fresh stimulus as BHP Billiton workers still have not agreed with the management and new strikes are possible.


Back to articles

Actual Topics

Fri, 03 Feb 2012 18:02:09 GMT

Crude oil eased down, natural gas soared after IEA report

Energy commodities faced mixed performance on Thursday, with easing up natural gas and Brent oil and falling heating oil and crude oil. Crude oil price fell to almost six-week low amid weak demand and growing US stockpiles. The IEA reported the largest single week fall in crude oil consumption in 14 years. At the same time, Brent oil drew some

Fri, 03 Feb 2012 17:07:25 GMT

Precios metals rallied on Thursday despite stronger US Dollar

Precious metals rallied on Thursday amid positive data from the US.  Gold added 0.92%, hitting more than two-month high of USD 1759.55 per ounce. The yellow metal drew support from the fall in the US jobless claims and Fed's decision to keep low interest rates. Silver, the top gainer, was mostly tracking the gold's jump. At the same time, platinum

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.