Metals mixed, strong dollar and liquidation weigh on prices

Metals mixed, strong dollar and liquidation weigh on prices

Base metals closed down an average of 0.8 percent yesterday, October 20 led by a 1.8 percent decline in three-month nickel prices to $10,125 per tonne, zinc prices were down 1.3 percent, copper closed off 0.4 percent at $4,652 per tonne, while lead was the only metal to buck the trend with prices climbing 0.7 percent to $2,021 per tonne. There was reported heavy CTA-fund liquidation around. Precious metals were down across the board with a 0.7 percent average decline, spot gold prices closed off 0.3 percent at $1,266 per oz. Read more at fastmarkets.com

2016-10-21 12:00