Base metals rise while crude oil and precious metals decline
pre-market1 source ↓written by the desknot a recommendation
- and SHFE copper
- 1.09%
- SHFE copper increasing
- 0.58%
- COMEX gold
- 0.7%
- dropping
- 1.45%
- SHFE aluminum fell
- 0.14%
Overnight, base metals generally rose, with SHFE tin up 1.09% and SHFE copper increasing 0.58%. In contrast, crude oil weakened on the weekly chart, and precious metals declined for a second consecutive week, with COMEX gold down 0.7%. Coking coal fell for the third straight session, dropping 1.45%.
• SHFE aluminum fell 0.14%
• Coking coal down 1.45%
• LME tin rose 1.16%
• COMEX silver down 1.06%
These trends indicate a mixed sentiment in the metals market, impacting trading strategies.
Not investment advice. For informational purposes only.