CLOSE TO CLOSE: Base metals prices track euro in LME kerb ahead of EU summit

Dec 07, 2011 | 12:19 PM |

Base metals prices closed strongly in the kerb session at the London Metal Exchange on December 7, as they continued to follow fluctuations in the euro. “The euro is rallying a bit now, so prices are going up,” a category I trader said. “They’re very closely correlated now.” Three-month copper closed the day at $7,820 per tonne, from its previous closing price of $7,835. The....

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