Author: Abhishek Bhalla
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Base metals gain as US CPI eases slightly to 8.5% in July
Base metals (nickel, and copper) recovered up to 1.3% whereas zinc and aluminium futures on the London Metal Exchange (LME) remained range bound on 11 August as the US’s Consumer Pricing Index (CPI) eased slightly. The recent CPI data showed that goods and services prices rose by 8.5% y-o-y in July but was 0.2% lower…