Base Metals

Reuters reported that copper crawled upwards on Wednesday, but is staying close in range to six-week lows, as investors were staying on the sidelines in advance of outcome of the FOMC meeting.

Reuters reported that copper crawled upwards on Wednesday, but is staying close in range to six-week lows, as investors were staying on the sidelines in advance of outcome of the FOMC meeting.

As quoted in the market report:

The Fed is what people are watching very closely,” Barclays analyst Gayle Berry said. “But even though we could have some big news from a macro perspective, when you look at it on a micro perspective things are actually looking okay for copper.

To view the whole Reuters report, click here.

MARKETS

Markets
TSX19620.13+43.09
TSXV664.17+4.09
DOW32803.47+76.65
S&P 5004145.19-6.75
NASD12657.55-63.03
ASX7015.60+40.70

COMMODITIES

Commodities
Gold1774.96+1.14
Silver19.90+0.01
Copper3.55+0.07
Palladium2124.59+12.40
Platinum936.51+2.50
Oil88.53-0.01
Heating Oil3.20-0.13
Natural Gas8.01-0.12

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