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In neighboring markets, the Euro slid after Germany announced to temporarily ban naked short selling aimed to stop a slump in European asset prices. In this context, the euro set a 4-year low against the US dollar, helping the US dollar index reach as high as 87.463 in Asian trading hours, and with the index finally closing at 87.340. Gold futures for June delivery ended USD 13.50 lower at USD 1,214.60 per ounce. Silver futures for July delivery finished up USD 2 at USD 18.879 per ounce.
Domestic lead market is expected to trade between RMB 14,500-14,700/mt on Wednesday.
To contact the writer on this report: Sherryshi@smm.cn
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