| Base metals were under selling pressure last week with the exception of zinc and tin, which managed to set fresh year-to-date highs. Copper fell the most, down nearly four percent week-on-week, amid tangible signs of fundamental weakness combined with an unfriendly macro.
Precious metals also were weaker last week, with gold dropping the most, down 1.5 percent week-on-week, largely attributable to hawkish statements from Fed members and encouraging US macro data releases, prompting the market to reprice upwardly the path of Fed funds rates..............................................Full Article: Source
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