Fitch Solutions says volatility to continue driving metals prices lower

Research agency Fitch Solutions expects volatility to continue playing to the downside for metal prices in the coming weeks owing mainly to bearish investor sentiment on the back of the widespread Covid-19 pandemic. The agency notes that metal prices started the year on a strong footing as the Phase One trade deal between the US and China was signed, before succumbing to the news of Covid-19 that infiltrated markets in mid-January.