Base Metals

Bloomberg reports that copper sunk to the lowest level in almost a month on concern that escalating geopolitical tensions could derail the economic recovery.

Bloomberg reports that copper sunk to the lowest level in almost a month on concern that escalating geopolitical tensions could derail the economic recovery.

The market news is quoted as saying:

“Metals are being dragged lower by the risk aversion seen in the other financial markets,” said Li Peiying, an analyst at Essence Futures Co. “With the oil price suddenly jumping, the issue of inflation is once again brought to the fore.”

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MARKETS

Markets
TSX20532.18+148.43
TSXV714.66+12.92
DOW32637.19+516.91
S&P 5004057.84+79.11
NASD11740.65+305.91
ASX7155.20+26.40

COMMODITIES

Commodities
Gold1850.64-3.41
Silver21.99+0.01
Copper4.27+0.02
Palladium2022.00+24.00
Platinum950.40+3.40
Oil114.26+3.93
Heating Oil3.86+0.12
Natural Gas8.79-0.19

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