Reported about 5 hours ago
Base metals and iron ore saw gains as the dollar weakened after the nomination of Scott Bessent for Treasury secretary by President-elect Donald Trump. Most contracts on the London Metal Exchange rose amid falling US currency, which revitalized commodity prices. Despite previous losses in metals due to rising dollar and uncertainty over trade policies affecting China, traders are optimistic about Bessent's focus on economic stability. Copper, aluminum, zinc, and iron ore all reported increases in prices.
Source: YAHOO