Lead Down Five Percent
Lead was encouraged to sell on a weak technical close Thursday and investors took profits from the 5 percent gain of lead over the last week.
Three-month lead MPB3 dropped 5 percent to a low of $1,940 per tonne before trading at $1,965.
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Key triggers to sentiment within the base metals are still dependent on the U.S. dollar strength and metal inventory levels," said Charles Cooper, analyst at Evolution Securities, in a note.
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Fri, Aug 29, 2008
Post by Melissa Pistilli, Lead Senior Reporter