LIVE FUTURES 29/09: Base metals edge lower, US Dollar highest since Nov 2020

Base metals prices edged down in morning trading on Wednesday September 29, with weakness in across the complex supported by the rising US Dollar Index, which pushed up to its highest level since November 2020.

"Copper and most of the other metals [prices fell] on Wednesday, with Asian equities suffering from a global stock sell off," Marex LME desk analyst Anna Stablum said.
"Wall Street [had its] the worst day since May [yesterday] as inflation concerns spiked. Bond yields climbed for a fourth straight day [on Tuesday] and the US Dollar Index jumped to [its highest level] since November last year," she added.

The...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold