10 Oct 2013
Is gold drowning on rumors?
FXstreet.com (Chicago) – Gold lost the key $1,300 zone after republicans presented a proposal that could restart the government’s activities. On recent comments, democrat senator Reid said his party would not negotiate until the government was up and running.
In the meantime, market participants sold off gold making it lose 1.50% to now trade at $1,287.60 with lows at $1,286.20 and highs at $1,312.00. Silver is also down retracing 1.23% and trading at $21.62, session lows with highs registered at $22.25. Platinum is up 0.22% and trades at $1,386 printing lows at $1,380.60 and highs at $1,399.90. Copper is up 0.50% and is offered at $3.2470 printing lows at $3.2150 and highs at $3.2520. Finally, palladium is up 0.63% and trades at $708.55 with lows at $701.35 and highs at $713.
In Wall Street, the indices rose with the Dow up 2.18%. the Nasdaq up 2.26% and the S&P500 up 2.18%.
In the meantime, market participants sold off gold making it lose 1.50% to now trade at $1,287.60 with lows at $1,286.20 and highs at $1,312.00. Silver is also down retracing 1.23% and trading at $21.62, session lows with highs registered at $22.25. Platinum is up 0.22% and trades at $1,386 printing lows at $1,380.60 and highs at $1,399.90. Copper is up 0.50% and is offered at $3.2470 printing lows at $3.2150 and highs at $3.2520. Finally, palladium is up 0.63% and trades at $708.55 with lows at $701.35 and highs at $713.
In Wall Street, the indices rose with the Dow up 2.18%. the Nasdaq up 2.26% and the S&P500 up 2.18%.