Among other metals, March copper HGH6, +1.20% shed a penny to $2.049 a pound. For the month, prices lost around 11.6%.“In China, copper and nickel producers have announced production cuts, so gold could be benefiting from improving sentiment toward metals in general that lower prices could lead to production cuts that may help to stabilize the market in the short term,” said Colin Cieszynski, chief market strategist at CMC Markets.
January platinum PLF6, +1.02% fell by $2.90, or 0.4%, to $832.90 an ounce, losing about 16% for the month, while March palladium PAH6, +0.77% lost $7.45, or 1.4%, to $543.20 an ounce, to finish down roughly 20% for the month.
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