Author: Drishya Yadav
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Opening bell: Base metals market update
Base metals prices on the Shanghai Futures Exchange (SHFE) and London Metal Exchange (LME) witnessed losses on 14 July, 2022 as expectations of the Fed rate hike continue to support the dollar. Today, the dollar closed with nearly 1% gain, hitting a record high of 109.30. Also, the Fed officials suggested a 75 basis point…