Thu, Oct 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Financial, Market Moves, Price Watch more

Resolution of ‘fiscal cliff’ pushes up commodities

Posted on 03 January 2013

Lead drove base metals high on the benchmark London Metal Exchange, following American lawmakers agreeing on a long-awaited deal to avoid a fiscal crisis. The US leaders approved a plan to prevent huge tax increases and delay spending cuts that together might have pushed the world’s largest economy off the “fiscal cliff” and into a likely recession.
While the lead price hit a 15-month high to settle at $2,385 a tonne, copper followed and achieved a two-week high of $8,085 a tonne today. Other base metals, including aluminium, zinc and tin, moved the same way………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37608 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031