Metals record minimal gains ahead of Tokyo’s opening

FXstreet.com (Chicago) – Gold trades at $1,392.40 to accumulate 0.17% gains so far after falling from $1,415 daily highs the previous session. Reaching $1,392.90 peaks, the metal pulled off dip to $1,391 grounds. Silver is also up 0.17% but fails to approach $24.43 highs it reached on the past session as it trades at $23.46, session lows, after retracing from $23.52 session highs. Platinum is also up 0.29% and is close to $1,500 level to trade at $1,499 after small 0.50 dip from session peaks and bounce from $1,495.80 lows. Copper is also up with 0.14% gains accumulated so far to trade at $3.2455 (lows) after falling from $3.25 highs. Contrary to the other winning metals, palladium prints losses at 0.31% and trades at $696.10 (lows) after retracing from $698.00 peaks.

Despite approval to attack Syria by the US Senate, market participants weighted in “modest” growth in the economy according to the Beige book results and the Fed’s meeting next September 17th-18th to decide on the bond-buying program. The President of the Federal Reserve Bank of Minneapolis Narayana Kocherlakota is will speak at 00:00GMT at the University of Wisconsin –Lacrosse. Potential hints may be given as questions from the audience will be answered.