10 Oct 2013
Hopes send metals contracts to grounds
FXstreet.com (Chicago) – Gold retraced strongly throughout Wednesday on hopeful remarks by the White House announcing the potential finale of the US shutdown. With Wall Street boosting higher, the pace of winnings seemed to pick up.
Gold regained the $1,300 level but remains stuck around the $1,305.70 zone printing lows at $1,294.60 and highs at $1,323.30 for a total retracement of 1.43%. Silver has lost 2.55% and is offered at $21.87 registering lows at $21.75 and highs at $22.41. Platinum is also down with losses accounting 1.47% to now be offered at $1,383 printing lows at $1,377.70 and highs at $1,405.80. Copper falls 2% and trades at $3.2265 with lows at $3.22 and highs at $3.2985. Finally, palladium is down 1.79% and trades at $702.10 registering lows at $700.20 and highs at $713.80.
Gold regained the $1,300 level but remains stuck around the $1,305.70 zone printing lows at $1,294.60 and highs at $1,323.30 for a total retracement of 1.43%. Silver has lost 2.55% and is offered at $21.87 registering lows at $21.75 and highs at $22.41. Platinum is also down with losses accounting 1.47% to now be offered at $1,383 printing lows at $1,377.70 and highs at $1,405.80. Copper falls 2% and trades at $3.2265 with lows at $3.22 and highs at $3.2985. Finally, palladium is down 1.79% and trades at $702.10 registering lows at $700.20 and highs at $713.80.