Prices of copper, zinc, and nickel can break
There is a possibility of profit profits at the higher level in the base metal. Copper prices hiked at Rs 452, up to Rs 442, Zinc prices hiked to 210 rupees at a rate of Rs 206, Lead prices were hiked at 157 rupees with a price hike of Rs 152, and prices for Rs 902 With breakdown at the level of 880, breaks can be done.
Due to the decrease in demand for construction, due to the decline in prices of other steel products, the prices of zinc in London have reached a four-month low. Iron and futures prices may fall in China. The Glencore Company has retained some aluminum supplies even after the US banned the import of Russian aluminum in Russia.
Gold and silver may fall in
Due to lack of demand for FOMC’s positive statement and safe investment, the prices of Sarfra are likely to open in the fall. With the rupee weakening in the domestic market, the decline in the prices of Sarrapa prices can be stopped. Gold prices in MCX can fall to Rs 3,100 by halting at Rs 31,500. At the same time, silver prices could fall to Rs 38,400 by halting at Rs 39,200.
After the last meeting of the FOMC, the statement was expected to accelerate US interest rates sharply. US President Trump has warned Russia that it has become compulsory for Syria to take military action after Syria and it has criticized Russia for supporting Syria. The US Fed is concerned about the growing trade tension with China.
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