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Copper with growth on the background of overall decline in metals.

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After the rise in US interest rates and as a consequence of the strong dollar, the drop in metals was expected, but strong.

Gold yesterday reported the biggest daily collapse for a period of five months. Silver dropped -3%, the largest decline over a period of three months. Palladium - more than -4%.

Currently, Gold, Silver and Platinum are in a short-term correction and potential for continued decline, along with the Palladium that the downward trend has emerged most clearly.

Different behavior of Copper, which has increased by nearly 2.4 percent, wiping all yesterday's losses. The effect comes partly from the today's data for business activity in China as well as positive data on China's housing market, which is regarded as a leading indicator of recovery.

Oil also continues to trade at lower levels and at this stage there is no real economic factors that could change the trend.

 


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