MARKET TALK: LME Base Metals Joins Oil, Gold Strength

LME base metals are firmer along with oil and gold but there's very little fresh fundamental news behind the upside, meaning volatile conditions are likely, a broker says. Short-covering and momentum buying are dominating the pre-market, he notes and the attitude toward commodities "seems to have noticeably shifted...The possibility of a fresh surge in investment from the fund community is increasingly likely."