Rebounds pause ahead of FOMC decisions

Rebounds pause ahead of FOMC decisions

Base metals closed up with gains of 0.8 percent yesterday, aluminium was the only metal to buck the trend with a 0.7 percent decline to $1,573, zinc led the rebound with a two percent rise, lead climbed 1.5 percent to set a fresh high for the year at $1,988, nickel was up 1.1 percent, tin climbed 0.6 percent and copper closed up 0.3 percent at $4,781 – all in all a bullish performance. Precious metals closed up an average of 0.4 percent, platinum rose 0.9 percent to $1,028, the others were up between 0.2 and 0.3 percent with gold prices closing at $1,315.50. Read more at fastmarkets.com

2016-09-21 11:23