Metals consolidate, despite dovish Fed talk and better Chinese data

Metals consolidate, despite dovish Fed talk and better Chinese data

The weaker tone in the base metals ran into some buying yesterday as seen by the underlying tails on most of the candlesticks on yesterday’s charts. The complex closed down with average losses of 0.9 percent, led by a 2.6 percent drop in nickel to $10,090, zinc and tin closed off 1.2 percent, while copper managed to buck the trend with a 0.6 percent climb to $4,659. Read more at fastmarkets.com

2016-09-13 13:48