LME MORNING - Base metals steady, high expectations for FOMC meeting

London 12/12/2012 - Base metals were back in positive territory in Wednesday's premarket, helped by a steadier euro - last at 1.3017 against the dollar - and expectations of further economy-boosting monetary measures in the US. “Metals are steady with a slightly stronger euro, moderately positive economic data and the prospect of continued stimulus by the US Fed,” a trader said. "Technically, the chart picture suggests the path of least resistance is to the upside."

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How to buy Gold, Silver, Platinum and Palladium

By Heather Connon There is a wide range of ways to get access to gold; for the other precious metals, however, the choice is more limited, with exchange traded products (ETPs) providing the best access. Nicholas Brooks, head of research at ETF Securities, says that only gold, silver, platinum and palladium are actively traded. Gold has attracted huge investment with platinum, too, enjoying good recent inflows as investors have sought to hedge their exposure to strike-hit platinum producers. For platinum and palladium, there are only physically-backed securities while,

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Copper futures trade near 7-week high ahead of FOMC

Copper futures traded just below a seven-week high during European morning hours on Wednesday, as market players looked ahead to the Federal Reserve’s policy decision later in the day amid expectations for further easing. Investors also continued to monitor negotiations among U.S. lawmakers to avoid the looming “fiscal cliff” crisis. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.708 a pound during European morning trade, up 0.6% on the day.

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