LME base metal prices rose during the morning session on Thursday November 4, shrugging off news that the Federal Reserve will scale back its monetary easing measures.
Although the US central bank will taper its monthly bond buying programme, this does not mean an immediate rise in interest rates - the Federal Reserve "can be patient," according to chair Jerome Powell. The timing for rate increases "will depend on the path of the economy," he also said."Neither metals nor the broader markets have been rattled by the US Federal Reserve's...