Base metals up as gold falls

BASE metals were the only positive movers today as gold fell to below $US1320 an ounce.
Base metals up as gold falls Base metals up as gold falls Base metals up as gold falls Base metals up as gold falls Base metals up as gold falls

Larry Kudlow, newly appointed Director of the National Economic Council in the Trump administration

Staff Reporter

Gold's fall came as incoming White House economic advisor Larry Kudlow reportedly signalled that President Donald Trump would support a strong US dollar.
 
"I would buy King Dollar and I would sell gold," he said in an interview with CNBC.
 
Cobalt hit a high of US$87,125 per tonne, after rising 1.9%.
 
Zinc and lead had slight gains and were the only other positive movers.
 
Nickel dropped 1.5% and copper was down 1%, while aluminium dropped another 0.3% to reach its lowest point so far this year.
 
Crude oil was down 0.04% to $US61.23 per barrel.
 
Softer commodities were also down, tradingeconomics.com reported, with cocoa decreasing 1.51% to $2536 per tonne and coffee down 1.92% to 117.65c per pound.
 
Historically, coffee reached an all-time high of 339.86c/lb in April 1977 and a record low of 42.50c/lb in October 2001.

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