A soft undertone in metals other than lead

by Ana Lopez

MUMBAI: All metals, including copper, were reported to be soft in London today amid fears that the aggressive hike in interest rates by the US Federal Reserve would have a dampening effect on the world’s leading economies. Barring a correction of five and a sustained trend in aluminium, prices in all other metals fell by Rs 10 per kg on selling pressure from stockists and muted demand from universal levels. A decrease from 1 to 35 was observed. According to market instruments, all metals were in a softer trend at the start of the session in London today on fears of a Fed rate hike.

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