Nickel Gains More Than 5% on Dollar Weakness

Base Metals Investing

Reuters reports nickel rose more than 5 percent on Wednesday as the dollar extended falls against a basket of currencies.

Reuters reports nickel rose more than 5 percent on Wednesday as the dollar extended falls against a basket of currencies.

The market news is quoted as saying,

Benchmark nickel on the London Metal Exchange rose to an intraday high of $21,835 a tonne. At 1552 GMT it was trading at $21,800 from a close of $20,675 a tonne on Tuesday.

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