Base Metals

Bloomberg reported that the copper prices have declined for the third straight session as the US government failed to reach a decision about the budget and remained shutdown.

Bloomberg reported that the copper prices have declined for the third straight session as the US government failed to reach a decision about the budget and remained shutdown.

According to Bloomberg:

The impasse raises the prospect of a prolonged standoff over the budget and talks to raise the U.S. debt limit. Failure to increase the government’s $16.7 trillion debt limit by Oct. 17 could trigger a default, President Barack Obama’s administration has said. The U.S. is the world’s biggest metals consumer after China.

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MARKETS

Markets
TSX18972.68-131.80
TSXV605.28-3.01
DOW31761.54-228.50
S&P 5003921.05-45.79
NASD11562.57-220.09
ASX6807.30+17.40

COMMODITIES

Commodities
Gold1714.13-3.92
Silver18.57-0.10
Copper3.39+0.01
Palladium2019.69+13.70
Platinum873.00-2.00
Oil95.28+0.30
Heating Oil3.51-0.02
Natural Gas8.92-0.07

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