Metal commodities have good session

NICKEL and copper enjoyed good trading sessions, as did gold against a backdrop of US equities falling the most since 2011 on concerns about future inflation and rising interest rates.

Metal commodities have good session Metal commodities have good session Metal commodities have good session Metal commodities have good session Metal commodities have good session

Nickel and copper’s gains came with economic data out of China being supportive, with tin also moving up nicely and above US$22,000 per tonne.

Elsewhere the China re-stocking thematic continued to be supportive for the bulks.

Mining equities generally escaped the wave of selling with the both the London and Toronto mining sectors closing little changed.

Glencore, which had the biggest loss of the majors yesterday in London, had the biggest gain there overnight (in moving up just over 1%), while in Toronto gold’s move above US$1340 per ounce saw the patch gain about 0.25%.

The outlook for the overall market in Australia was looking poor in the wake of the sell-off in north...

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