European markets are expected to start on a positive note.
The British Pound fell against its major counterparts. In Europe, according to Rightmove, UK house prices are up by 3.3% in February after a 1% increase in January.
Gold was up $10.3 to $1329. The precious metal was above its 20D MA (@ $1269) and above its 50D MA (@ $1244). The 14d RSI above 70 (75.32) indicates gold was overbought.
Copper Future (MAR 14) on Comex was up 1.6c to 328.05c/lb. The contract was below its 20D MA (@ 330.62c) and above its 50D MA (@ 326.76c). In Europe, the London Metal Exchange reported its copper inventories decreased 3100 tons to 296025 tons.
UK Market News
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