Tuesday, 5 April 2016

Copper, Zinc and Base Metals Update by MarketMagnify

In this sector, copper, lead and nickel posted weekly losses both at MCX and LME, while zinc and aluminum showed significant gains. Copper is running down for the seventh straight session near its lowest in month as the anticipations for rate hike is likely to be soon on stronger US jobs data.

                                            Last week, some potential was seen by unexpected Chinese Manufacturing PMI, which came up for the first time since 9 months, but eventually failed to boost the metals over concerns of slowdown in the economy.

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