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Base metals were mostly firmer on July 30 in the wake of the Fed meeting, which provided more liquidity but made no major policy changes. Copper traded near $6,475 per tonne on the LME, and gold prices were slightly lower across the board.
Routine base-metals commentary with a dollar-weakness backdrop; it has little direct bearing on feed grain or protein supply and prices.
fastmarkets.comWilliam AdamsJul 30, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
