Gold retraces 0.90% on US job data

FXstreet.com (Chicago) – Copper was the only futures contract winner among metals at the closing of Wall Street. After ending a 5-day losing strike, the US equity indexes printed gains.

Up 0.36%, the Dow led the US indexes. The Nasdaq rose 0.70% along the S&P 500 printing 0.35% gains. With US initial jobless claims decreasing to 305K vs. past 325K, job market data improved boosting a bullish sentiment.

Gold retraced 0.91% and is now offered at $1,324.00 and registers lows at $1,319.20 with highs at $1,340. Silver also lost to print 0.69% and now trades at $21.74 with lows at $21.66 and highs at $22.13. Platinum lost 1.33% and now trades at $1,409.80 printing lows at $1,408.90 and highs at $1,434.40. Copper registered 0.90% gains and is now offered at $3.3015 with lows at $3.2610 and highs at $3.3240. Finally, palladium trades at $721.30 and retraces 0.61% registering lows at $721 and highs at $726.80.

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