It has been an unsettled week for many of the metal prices as earlier headline-driven rallies quickly ran into selling pressure.
The volatile sessions throughout the week have been attributed to supply concerns, coupled with political uncertainty in the USA.
“If the market is volatile, traders will be happy as this is the fuel for them – so long as they are on the right side they get to make money. With Donald Trump being made president there is a high chance of increased volatility as he is an unconventional president and already there has been issues with links to Russia,” a market participant said.
The three-month copper price recently traded at $5,975 per tonne, down $25 on the close. Earlier this week, the red metal had hit the strongest level in...