Mar.18 (Bloomberg) --Copper headed for its biggest weekly gain in six weeks after the Group of Seven agreed to intervene in the foreign-exchange market, easing concerns the economic recovery will be protracted.
-- Copper rose $28 to $9,593 a metric ton at 7:32 a.m. on the London Metal Exchange. Relative Strength Index 51.7.
-- Aluminum gained 0.7 percent to $2,541 a ton. RSI 50.3.
-- Zinc climbed 0.5 percent to $2,345 a ton. RSI 45.0.
-- Lead added 1.1 percent to $2,680 a ton. RSI 61.1.
-- Nickel advanced 1.4 percent to $26,300 a ton. RSI 44.6.
-- Tin increased 0.9 percent to $29,650 a ton. RSI 44.3.
Other markets: Last % Change % YTD
U.S. Dollar Index 76.139 +0.1 -3.7
Crude oil $102.98 +1.5 +13
Gold $1,413.63 +0.7 -0.5
MSCI World Index 1,280.32 +0.05 +0.02
Economic Events:
Forecast Prior Time
(London)
Euro-region trade balance -2.5B -2.3B 10:00
