The US dollar index inched down 0.07% to close at 80.43, while the COMEX silver contract for December delivery tumbled by USD 0.566/oz to finish at USD 21.33/oz.
The veto of two proposals by the US House of Representatives and Senate overnight casted a shadow on the markets, while positive market expectations over China’s copper imports and China’s PPI due on Monday morning will possibly bolster the markets on Monday. In this context, LME lead prices are expected to move between USD 2,080-2,110/mt, while the most active SHFE lead contract prices will fluctuate in RMB 14,100-14,200/mt range on Monday. In spot lead market, the prices will hover between RMB 14,000-14,100/mt.
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