12 Nov 2013
Gold hits 3-week lows; bloody Tuesday
FXstreet.com (Chicago) – Metals print losses after mixed results were released today and speculations about a potential reduction of the bond-buying program spread across the markets.
Gold drifts away from the $1,300 zone and trades at $1,265.20 printing lows at $1,260.50 and highs at $1,285.40 for a total retracement of 1.24%. Silver is 2.82% down and registers lows at $20.56 with highs at $21.36 to now trade at $20.68. Platinum is 0.04% up, the only winner so far, and trades at $1,433 registering lows at $1,430.70 and highs at $1,444.50. Copper is 1.17% down and trades at $3.2220 registering lows at $3.2110 with highs at $3.2580. Finally, palladium is 1.92% down and trades around session lows at $738.75 with current bids at $740.05 and highs at $753.95.
Gold drifts away from the $1,300 zone and trades at $1,265.20 printing lows at $1,260.50 and highs at $1,285.40 for a total retracement of 1.24%. Silver is 2.82% down and registers lows at $20.56 with highs at $21.36 to now trade at $20.68. Platinum is 0.04% up, the only winner so far, and trades at $1,433 registering lows at $1,430.70 and highs at $1,444.50. Copper is 1.17% down and trades at $3.2220 registering lows at $3.2110 with highs at $3.2580. Finally, palladium is 1.92% down and trades around session lows at $738.75 with current bids at $740.05 and highs at $753.95.