Poor performance by metals as US dollar rises

METAL prices were down across the board overnight after new US Federal Reserve chair Jerome Powell made his first testimony to Congress.

Poor performance by metals as US dollar rises Poor performance by metals as US dollar rises Poor performance by metals as US dollar rises Poor performance by metals as US dollar rises Poor performance by metals as US dollar rises

Powell’s made an update assessment of the US economy and signalled that the slow and steady pace of Fed rate rises could be revised.

US stocks fell by around 1.2% and the US dollar rose.