7 Nov 2013
Gold dips below $1,300 key zone on bloody Thursday
FXstreet.com (Chicago) – Futures metals printed major losses retracing considerably in the afternoon of the American trading session on bearish pressure due to mixed US data releases.
Gold fell to $1,296.00 but bounced off above the $1,300 zone again to now trade at $1,305.30 after retracement from the $1,326.00 front. Silver accumulates 0.87% losses and prints lows at $21.38 and highs at $22.02 to now be offered at $21.58. Platinum is 0.89% down and prints lows at $1,452.50 and highs at $1,473.60 to now trade at $1,454.40. Palladium is 0.51% down and trades at $760.35 registering lows at $753.05 and highs at $765.00. Finally, copper advances minimally extending the bearish channel that started this month and is 0.03% down to trade at $3.2380 registering lows at $3.2260 and highs at $3.2580.
Gold fell to $1,296.00 but bounced off above the $1,300 zone again to now trade at $1,305.30 after retracement from the $1,326.00 front. Silver accumulates 0.87% losses and prints lows at $21.38 and highs at $22.02 to now be offered at $21.58. Platinum is 0.89% down and prints lows at $1,452.50 and highs at $1,473.60 to now trade at $1,454.40. Palladium is 0.51% down and trades at $760.35 registering lows at $753.05 and highs at $765.00. Finally, copper advances minimally extending the bearish channel that started this month and is 0.03% down to trade at $3.2380 registering lows at $3.2260 and highs at $3.2580.