Gold falls to 4-month lows on specs and data

FXstreet.com (Chicago) – Gold trades around 4-month lows after a journey that evidenced stronger US economic results and the public announcements of potential tapering happening within months.

At $1,241.00 gold retraces 1.35% and prints lows at $1,235.80 with highs at $1,250.00. Silver is 0.70% down and is offered at $19.92 registering lows at $19.70 and highs at $20.04. Platinum is 0.54% weaker and is offered at $1,392.00 with lows at $1,388.80 and highs at $1,402.00. Copper is 0.95% stronger and is offered at $3.1895 registering lows at $3.1410 and highs at $3.1995. Finally, palladium is 0.01% down and is offered at $713.75 with lows at $711.30 and highs at $720.

Wall Street closed with gains as bullish momentum towards the American economy seems to spread. The Dow gained 0.69%, the Nasdaq 1.22% and the S&P500 was up 0.81%.

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