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Base metals may rise going into year’s end

Posted on 22 November 2012

Base metals prices may rise going into the year’s end, even as the macroeconomic outlook is cloudy. Copper’s rally on Monday on hopes that the U.S. might avert the “fiscal cliff” – the pending tax hikes and spending cuts that go into effect Jan. 1 if not reversed – might be a sign of further gains to come, market watchers said.
After falling much of October, base metals prices could be bottoming out, said Michael Turek, senior director on Newedge’s New York metals desk………………………………………..Full Article: Source


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