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Metals lack impetus, lead/zinc off highs as tightness eases

Posted on 07 October 2016

Base metals continued to trade sideways-to-lower on the LME on Thursday, October 6 while investors remained sidelined ahead of key data and economic news.
Markets will first look to see if the European Central Bank (ECB) will taper its monetary-easing measures – there is talk of cuts to its bond-buying scheme from 80 billion ($89.5 billion) euros per month. The dollar index continues to hold above 96 after largely stronger-than-expected economic data from the US. It was recently at 96.25, up 0.05 percent……………………………………….Full Article: Source


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