Precious metals eased today after receding worries about Greece's debt crisis quashed some of the appetite among investors for safe havens, while the rise in the single European currency dented the euro price of bullion. Precious metals prices are trading lower today. We expect some profit-taking in the prices of precious metals after a series of continuous upward rally in the previous trading sessions.
Industrial metals was steady today as signs of slowing factory activity in China and Europe constrained prices and attention turned to pending U.S. figures, while a weak dollar against the euro cushioned prices. Industrial metals prices are trading lower today.Today we have the Manufacturing PMI data to released by the US. Any weakness reported in the data will lead to further sell-off in base metals complex.
Industrial metals was steady today as signs of slowing factory activity in China and Europe constrained prices and attention turned to pending U.S. figures, while a weak dollar against the euro cushioned prices. Industrial metals prices are trading lower today.Today we have the Manufacturing PMI data to released by the US. Any weakness reported in the data will lead to further sell-off in base metals complex.
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