Miners and Oils Coming Under Prices Pressure ; Market Round-Up

Summary


SLIDING commodity prices and the rising dollar put pressure on miners and oil stocks today as losses in both sectors tarnished a strangely upbeat session in the City.

The price of gold, platinum and copper eased as the dollar rallied and traders warned of declining demand for metals in the US and elsewhere during the economic downturn.

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Extract


Miners and Oils Coming Under Prices Pressure ; Market Round-Up

Platinum miner Lonmin fell 125p to 2946p and was followed south by Xstrata, off 113p to 3414p, Anglo American, down 98p to 2930p, and Vedanta Resources, 47p lower at 2049p. BHP B...

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