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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (168)6/8/2001 2:24:53 PM
From: craig crawford  Read Replies (1) of 1643
 
Metals: Gold ends the London session higher, base metalsremain under pressure

Source: AFX
Publication date: 2001-06-08
cnniw.yellowbrix.com

The based metal markets remained sluggish although some support appeared in the aluminium market on talk of further production cuts, dealers said. They added that copper was likely to test the 1,650 usd/tonne level. The flagship three-month copper contract settled the day 1.94 pct down at 1642 usd/tonne and 1.60 pct lower at 1627 usd/tonne on the physical market.

Meanwhile, zinc slipped to a new seven-year low of 913 usd/tonne on the three-month futures contract. Zinc closed the session at 922 usd/tonne on the three-month contract and at 897 usd/t on the cash market.
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