In New York, COMEX gold futures declined 0.7% to $1,725 per troy ounce while copper futures fell 1.3% to $2.58 per pound. NYMEX crude oil futures started the day in negative territory but subsequently rebounded above $36 per barrel.
In London, LME 3-mo. copper eased to around $5,736/mt, while 3-mo. aluminum and nickel edged up to $1,584/mt and $12,830/mt, respectively, as of this writing.
In foreign exchange trading the dollar lost ground against most major trading rivals, with the euro buying $1.128 and the greenback buying 107.25 Japanese yen ahead of this week’s monetary policy statement from the Bank of Japan.
On Wall Street, stocks started the morning in negative territory on losses attributed to renewed coronavirus concerns, but most of those losses had been reversed by mid-day.
