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MF Global Daily Report: Base Metals (Aug. 12, 2011)
Aug 12,2011 09:38CST
industry news
Source:SMM
Aug. 12 -- It was another wild day in the markets yesterday, with the US stock market giving back all of Tuesday's 430-point gain and then some.

Aug. 12 (MF Global) -- It was another wild day in the markets yesterday, with the US stock market giving back all of Tuesday's 430-point gain and then some. However, this time around, the equity rout did not result in a corresponding decline in base metals, as most held up well (with the exception of copper, which sank to an eight-month low). Energy prices were also very strong, rising more than $3.5/brl. Both complexes were helped by the weaker dollar and the relentless run-up in gold, which soared to $1800 yesterday.

base metals

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