Metals rise as crude oil drops over 6%
after close1 source ↓written by the desknot a recommendation
Overnight, domestic base metals showed a generally positive trend. Alumina futures rose 4.82%, while coking coal surged 9.05%. In contrast, crude oil fell over 6%, impacting overall market sentiment. Precious metals also gained, with COMEX gold up 1.11% and silver up 2.89%.
The mixed performance in ferrous metals and the drop in crude may influence trading strategies in the metals sector.
Not investment advice. For informational purposes only.