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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Base metals may remain volatile

Posted on 05 January 2009

From Business-standard.com: Base metals may remain volatile this week on short covering and profit booking. Active participants on the commodity bourses may continue short covering to mark the beginning of 2009. However, any upward march in base metals from the current levels may prove an opportunity to book profit for speculators.

Most of the metal procurement and hedging contracts expired by December-end. These contracts will take another week or two for renewal……Full Article: Source


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