Lead leads session for metals

THE US Federal Reserve left interest rates unchanged while lead led metal commodity movers during a session where zinc too was in demand from traders.

Lead leads session for metals Lead leads session for metals Lead leads session for metals Lead leads session for metals Lead leads session for metals

Gold was little changed in response to the news from the US Fed, with the expectation rates could rise in December when next the Fed meets.

The okay session for base metals came as data in China showed demand was still solid, while iron ore moved above US$75 per tonne.

On the equities markets, the major diversified miners in London were up an average of 1%, while gold stocks in Toronto had a mixed session before closing overall in slightly positive territory.

Among the better movers in Toronto was Barrick (up 1.71%), with the major gold miner now up 35% over the past two months as investors return in the wake of the deal with Randgold.

For Australian investors, the ASX 200 futures index was showing a loss of nine points.

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