Base metals on the London Metal Exchange mostly traded up during afternoon trading on Tuesday June 11 amid rumors that the United States Federal Reserve will cut interest rates as early as July 2019.
This move should shore up central banks in a weakening global economy and support the equities markets that the metals seem to be following, which is facilitating price rises across the complex."The metals continue to follow the global equity markets as their only form of direction at the moment," Kingdom Futures' Malcolm Freeman said. Nickel remains the strongest performer of the day,...