30 Oct 2013
Cautious metals futures retreat ahead of Fed’s decision
FXstreet.com (Chicago) – Metals continue printing losses after a Tuesday journey that was characterized by horizontal price action.
Ahead of the Fed’s monetary policy statement and interest rate decision, market participants seem risk adverse in regards to metals futures. Gold is down 0.16% and trades at $1,343.30 printing lows at $1,342.00 and highs at $1,344.60. Silver also retraces and losses 0.03% to now be offered at $22.49 registering lows at $22.47 and highs at $22.55. Platinum is down 0.15% and trades at $1,459.70 printing lows at $1,458.30 and highs at $1,462.00. Copper is down 0.06% and trades at $3.2760 registering lows at $3.2740 and highs at $3.2800. Palladium losses 0.39% and is offered at $744.10, session lows after retracing from $746.85 session highs.
Ahead of the Fed’s monetary policy statement and interest rate decision, market participants seem risk adverse in regards to metals futures. Gold is down 0.16% and trades at $1,343.30 printing lows at $1,342.00 and highs at $1,344.60. Silver also retraces and losses 0.03% to now be offered at $22.49 registering lows at $22.47 and highs at $22.55. Platinum is down 0.15% and trades at $1,459.70 printing lows at $1,458.30 and highs at $1,462.00. Copper is down 0.06% and trades at $3.2760 registering lows at $3.2740 and highs at $3.2800. Palladium losses 0.39% and is offered at $744.10, session lows after retracing from $746.85 session highs.