Strength in the dollar coupled with escalating concerns with regard to European debt crisis exerted pressure on the base metal prices in yesterday’s trading session.
Additionally, poor sentiments in the global financial markets also acted as a negative factor for the metal prices on Thursday.
MCX base Metals Outlook :
We expected base metals to trade lower today mainly on the back of rise in risk aversion in the global markets due to reemergence of the global economic concerns.
Additionally, strength in the dollar will also act as a negative factor for the metal prices today.
Additionally, poor sentiments in the global financial markets also acted as a negative factor for the metal prices on Thursday.
MCX base Metals Outlook :
We expected base metals to trade lower today mainly on the back of rise in risk aversion in the global markets due to reemergence of the global economic concerns.
Additionally, strength in the dollar will also act as a negative factor for the metal prices today.
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