Lead Consolidated Rangebound, US Dollar Index Ended Its Rally with a Slight Decline [SMM Lead Morning Comment]
- Th05 27, 2024, at 10:03 am
Last Friday, LME lead opened at $2,300/mt. Entering the European session, it fell to a low of $2,275/mt, then rebounded to a high of $2,305/mt, supported by a weaker US dollar index, and closed at this level, up $9.5/mt or 0.41%. Due to the UK Spring Bank Holiday, LME lead was closed on Monday.
