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MF Global Daily Report: Base Metals (Aug. 17, 2011)

iconAug 17, 2011 10:27
Source:SMM
Metals ended mixed in a very quiet start to the week, this despite the fact that both US equity and energy markets posted solid gains.

Aug. 17 (MF global) -- Metals ended mixed in a very quiet start to the week, this despite the fact that both US equity and energy markets posted solid gains. Aluminum was particularly weak, approaching, but not yet breaching its January 2011 low of $2360. In other markets, gold finished higher, while the dollar closed sharply lower, although it did little to help metals per se.

base metals

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