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Aluminium hits 5-year low, market eyes U.S. rates

Posted on 17 December 2008

From Guardian: Aluminium hit a 5-year low on sluggish demand from the car industry and copper fell 4.3 percent as markets awaited the U.S. Federal Reserve’s interest rate decision on Tuesday.

“There is a lot of doom and gloom, everyone is selling on the anticipation the economy is going to continue to be weak,” Randy North, a trader at RBC Capital Markets, said….. Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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