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Nickel Prices to Remain Bullish this Week
Jul 27,2021 10:30CST
Data Analysis
Source:SMM
Monetary policies in Europe and the United States are unlikely to tighten any time soon, and expectations over inflation continued to rise. The decline of commodity prices last week was mainly driven by reserves offered by the State Reserve Bureau. Nickel prices fell before rebounding in the wake of reserves injection by the SRB. Macroeconomic developments are expected to buoy nickel prices.
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