LME base metal futures mixed amid strong US dollar and geopolitical forces

November 13, 2021 / www.metalbulletin.com / Article Link

Futures prices across the London Metal Exchange base metal complex were relatively steady with only modest price movements at the 9am open on Friday November 12, following a strong performance at the 5pm close on November 11.

The US dollar index continued to perform strongly. It was at 95.13 at the 9am open, posting only a modest decline from 95.16 at yesterday's close. This strong dollar has the potential to weigh on price gains for base metals.The US warned the European Union over night that Russia may be preparing to invade Ukraine, which has also impacted market sentiment given the reliance of the European Union on Russian gas production in an already tight energy environment."Given the strong dollar and a...

Recent News

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com

US$ and bonds not the safe havens normally expected

April 14, 2025 / www.canadianminingreport.com

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com

Gold stocks succumb only on second day of plunge

April 07, 2025 / www.canadianminingreport.com

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok