AHMEDABAD (Commodity Online): MCX Lead settled in positive territory as a weaker dollar and a more certain outlook for Ireland economy drew investors back into the precious and industrial metals market in last week.
Having witnessed a series of losses in earlier week, Lead prices rebounded on technical revival and Dollar Index weakness, which weighed on metal prices in last session.
Monday morning, MCX Lead November delivery contract opened edge up at 103.30 higher by 0.48 percent and climb to 104.70 per Kilogram.
According to Amrita Mashar, analyst with Commodity Online, buying momentum will continue as attraction of buying on bottom remained intact in the metals. Lead price is expected to climb above 105 and 107 in coming days to due to bottom fishing activity in global market.
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