Weak demand and global economy worries still have a big impact on metals.  Lead was up $20 from close on Thursday, however, it fell to a 2-month low of $1,662.25 before bouncing back to $1,720.

Analysts said industrial metals also took their cue from the equity markets, which rose sharply in Europe and in Wall Street as Wells Fargo‘s proposed takeover of troubled U.S. bank Wachovia lifted financial shares.

The euro bounced from a session low around 1.3704 against the dollar to more than 1.3800 but it was still weaker on the day against the U.S. currency.

Read the full article here.

Comment

Tweet