MT: Base metals buoyed by high gold price in LME pre-market
Base metals prices were buoyed in the pre-market at the London Metal Exchange on Monday by high gold prices. Three-month copper traded to a high of $5,960 per tonne by 09:18 BST on Monday after opening at $5,880 per tonne. This compares with $5,894/95 per tonne in the officials on Friday. “If it wasn’t for gold and the dollar I think prices would be lower, they are deterring short sellers,” a category I trader told MB. Gold settled at $1,003.50 per oz in the afternoon fix on...
