Aug. 26 (Bloomberg) –Copper pared the first weekly advance in four ahead of a speech by U.S. Federal Reserve Chairman Ben S. Bernanke today at a meeting of central bankers amid signs of slower growth in the world's largest economy.
Market News:
Metals News:
Metal Prices:
-- Copper fell $20, or 0.2 percent, to $9,010 a metric ton by
7:30 a.m. on the London Metal Exchange. Relative Strength Index
47.3.
-- Aluminum advanced 0.2 percent to $2,371 a ton. RSI 38.8.
-- Zinc dropped 0.6 percent to $2,214 a ton. RSI 45.8.
-- Lead fell 0.3 percent to $2,395 a ton. RSI 46.8.
-- Nickel advanced 1.3 percent to $21,111 a ton. RSI 38.6.
-- Tin gained 0.6 percent to $23,500 a ton. RSI 39.7.
Other markets: Last % Change % YTD
U.S. Dollar Index 73.966 -0.4 -6.4
Crude oil $85.35 0.1 -6.6
Gold $1,766.88 -0.4 24.4
MSCI World Index 1,157.48 0.3 -9.6
Economic events:
Forecast Prior Time
(London)
U.S. GDP Annualized 2Q 1.1% 1.3% 13:30
U.S. U. of Michigan Confidence AUG 55.8 54.9 14:55
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