AP: Goldman case keeps LME base metals under pressure in officials
Base metals fell in Monday’s official session on the London Metal Exchange after the fraud charge brought against Goldman Sachs in the USA continued to cause uncertainty in the market. Prices performed strongly last week but the revelation that the Securities and Exchange Commission has charged Goldman with defrauding investors saw commodity markets tumble. “With all the Goldman stuff going around the outlook is a bit more bearish,” a ring trader said. Three-month copper settled at $7,680/85 per tonne after opening the day at $7,734 per tonne. The contract traded as high as...
