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Metals on a back footing as Chinese PMI data disappoints

Posted on 02 June 2016

The base metals remain in consolidation mode, the corrections seen in May have for the most part halted for now, but rebounds are struggling to hold on to gains. It appears that there is both bargain hunting and selling into strength going on.
The precious metals remain in correction mode, there is some dip buying around, but follow through buying is absent, palladium is the one attempting to rebound the most but it is a thin market. For now, all but all remain vulnerable, but we expect dips to attract pent-up demand………………………………………..Full Article: Source


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