06.11.2015 - Copper hits weakest in a month
Copper slid to its lowest in a month on Thursday and other base metals also slipped on the prospects of a December US interest rate hike, which boosted the dollar. Zinc and lead touched their weakest levels in nearly a month while nickel hit a six-week low as metals also felt the impact of worries about global economic growth and soggy metals demand. "The main driver behind the drop in prices must be the speeches of the Fed officials, driving the dollar higher and weighing on the wider commodity space," said analyst Daniel Briesemann at Commerzbank in Frankfurt. Federal Reserve Chair Janet Yellen on Wednesday pointed to a December interest rate rise as being a "live possibility", sending the dollar surging to a three-month high...............................................Full Article: Source
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