Zinc Is Biggest Gainer on LME on U.S. Growth Bets: LME Preview
Zinc was the biggest gainer on the London Metal Exchange before a Labor Department report that may show a decrease in U.S. jobless claims, bolstering the demand outlook for the metal used in steel for housing.
-- Copper rose 0.1 percent to $8,235.50 a metric at 7:38 a.m. on the London Metal Exchange. Relative strength index 57. -- Aluminum added 0.2 percent to $2,145.75 a ton. RSI 63. -- Nickel was unchanged at $18,375 a ton. RSI 60. -- Lead advanced 0.5 percent to $2,413 a ton. RSI 56. -- Tin was up 0.2 percent at $24,949 a ton. RSI 62. -- Zinc gained 0.6 percent to $2,208.50 a ton. RSI 67. Other markets: Last % Change % YTD U.S. Dollar Index 80.22 0.2 0.6 Crude Oil $97.13 0.1 5.8 Gold $1,643.28 0.1 -1.9 MSCI World Index 1,413.34 0.0 5.6 Economic Events: Survey Prior Time (London) FR Non-Farm Payrolls -0.2% -0.3% 07:45 EC Euro-Zone GDP -0.4% -0.1% 10:00 US Initial Jobless Claims 360K 366K 13:30
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