It’s all losses for metals

FXstreet.com (Chicago) – Futures contracts for metals register losses ahead of Bernanke’s speech tomorrow. The positive job market results obtained last week in the US strengthened the USD and weakened gold all combined with the increasing rumors on possible bond-buying program tapering.

Gold retraces 0.22% and trades at $1,268.40 printing lows at $1,265.00 and highs at $1,269.30. Silver follows and losses 0.29% to trade at $20.72 registering lows at $20.66 and highs at $20.76. Platinum losses 0.53% and trades at $1,432.00 printing lows at $1,428.30 and highs at $1,434.50. Copper is down 0.73% and trades at $3.2105 registering lows at $3.2080 and highs at $3.2220. Finally, palladium is 0.48% down and trades at $738.80 printing lows at $738.55 and highs at $740.60.