Underperforming metal-Lead

Crude oil and base metals remained under pressure because of the rise in US dollar. Precious metals are negatively co-related with US dollars so there is a selling pressure in gold and silver. Gold and silver expected to sustain in uptrend on Tuesday.

Gold prices edged up on a softer dollar due to US President Donald trump’s plan. Market watchers are closely watching for the next announcement of Donald trump.

Emergence of nearly 13,000 tonne of inventory in London Metal Exchange has kept lead prices under pressure. Lead indicates a negative trend due to the weak chinese macro economic data and the strong US dollar. It considered as an underperforming metal in Tuesday’s market. Copper prices grown in a soften pace.

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