Base Metals

Barclays reports the metals market held steady holding relatively firm despite sovereign debt concerns.

Barclays reports the metals market held steady holding relatively firm despite sovereign debt concerns.

The market news is quoted as saying,

Along with the recent rise in copper and zinc prices, in particular, has come an increase in LME open interest suggesting a steady build in long positions. This is further evidenced by last week’s CFTC commitment of traders data which showed another sizeable increase in new longs under the managed money category of 7.7K lots to take net positions higher by 4.8Kt lots.

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MARKETS

Markets
TSX18937.71+342.09
TSXV606.34+9.14
DOW31827.05+754.44
S&P 5003936.69+105.84
NASD11713.15+353.10
ASX6649.60-37.50

COMMODITIES

Commodities
Gold1708.58-1.44
Silver18.81+0.04
Copper3.33+0.04
Palladium1873.00-5.00
Platinum880.50+4.50
Oil102.40-1.82
Heating Oil3.52-0.05
Natural Gas7.21-0.05

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