29 Oct 2013
Futures metals stay low-key
FXstreet.com (Chicago) – Metals trade conservatively after finding strong bearish pressure amid equity markets printing gains. Ahead of the Fed’s meeting tomorrow in the US, low volatility is expected until then.
Gold is down 0.52% confirming bearish move after retracement from the $1,350 zone. Offered at $1,345.20, gold prints lows at $1,339.80 and highs at $1,360.40. Silver is down 0.07% and trades at $22.53 registering lows at $22.30 and highs at $22.63. Platinum prints the largest losses at 0.70% so far trading at $1,462.60 with lows at $1,459.20 and highs at $1,473.50. Palladium falls 0.55% and prints lows at $741.00 and highs at $748.50 to now trade at $746.30. Finally, copper advances 0.35% and trades at $3.2805 printing lows at $3.2460 and highs at $3.2960.
Wall Street closed with gains with the Dow up 0.72%, the Nasdaq up 0.31% and the S&P500 0.56% stronger.
Gold is down 0.52% confirming bearish move after retracement from the $1,350 zone. Offered at $1,345.20, gold prints lows at $1,339.80 and highs at $1,360.40. Silver is down 0.07% and trades at $22.53 registering lows at $22.30 and highs at $22.63. Platinum prints the largest losses at 0.70% so far trading at $1,462.60 with lows at $1,459.20 and highs at $1,473.50. Palladium falls 0.55% and prints lows at $741.00 and highs at $748.50 to now trade at $746.30. Finally, copper advances 0.35% and trades at $3.2805 printing lows at $3.2460 and highs at $3.2960.
Wall Street closed with gains with the Dow up 0.72%, the Nasdaq up 0.31% and the S&P500 0.56% stronger.