Aug. 10 (Bloomberg) –Copper gained for the first time in six days after the U.S. Federal Reserve pledged to keep its benchmark interest rate at a record low through at least mid-2013, and imports of the metal into China rose for a second month.
Market News:
Metals News:
Metal Prices:
-- Copper gained $168, or 1.9 percent, to $8,889 a metric ton by
7:40 a.m. on the London Metal Exchange. Relative Strength
Index 33.2.
-- Aluminum gained 1.1 percent to $2,433.50 a ton. RSI 37.6.
-- Zinc advanced 3.1 percent to $2,165 a ton. RSI 34.7.
-- Lead jumped 3.2 percent to $2,325 a ton. RSI 33.1.
-- Nickel advanced 2.8 percent to $21,800 a ton. RSI 36.5.
-- Tin rose 2.9 percent to $23,400 a ton. RSI 29.7.
Other markets: Last % Change % YTD
Crude oil $81.69 3.0 -10.6
Gold $1,752.90 0.7 23.4
MSCI World Index 1,172.42 0.7 -8.4
Economic events:
Forecast Prior Time
(London)
U.S. MBA Mortgage Applications AUG 5 -- 7.1% 12:00
U.S. Wholesale Inventories JUN 1.0% 1.8% 15:00
U.S. Monthly Budget Statement JUL -$135B -$165B 19:00
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