Zinc Prices completed its Corrective Elliot wave leg C, which is creating a probability for a near-term pullback. Prices found support. Markets, though, continued to be apprehensive since debt talks might stretch on. Following encouraging statistics on consumer spending and inflation in the United States, there are new concerns that
Zinc is considered the 4th widest used metal in the world after steel, aluminium or copper. In the commodity market, it has quite a lot of significance and volatility in market concerning zinc can bring about a lot of shifts. According to recent data, there is a confirmed downward trend.
Zinc prices closed mostly with losses yesterday. Today, it’s trading at 270.90 down 0.90%. Rising dollar and US Bond yield after the Federal Reserve released the minutes of the meeting weighted on the sentiment. Zinc prices hovered slightly above a three day’s low after the FOMC meeting minutes. The minutes
Zinc prices turned negative from 14 Feb 2023 high 277.85. Today, it is trading neutral at 269.05 as compared to previous day’s close of 268.80. Asian major currency trading flat amid China measures to support economic news. As per our weekly report prices almost reached near to first predicted level
