Base metals were weaker, while gold edged higher as market watchers awaited this week’s CPI data for more economic clarity.
“Investors are awaiting the inflation print on Thursday, which we expect will bring more volatility to the base metals complex,” Sucden Financial said.
Uranium prices could rise even higher on supply tightness , rising demand and thin spot markets, Berenberg said. However, prices will likely normalize in the $70 per pound range in the long term.