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4 Oct 2013
Specs placing bets…short gold on US shutdown’s weekend finale?
FXstreet.com (Chicago) – Metals print mixed results amid the US political crisis that strikes its 4- day record. This week, market participants have heard very extreme and inflexible political views with a clear governmental division between democrats and republicans.
Gold maintains the $1,300 after dropping it earlier this week and now trades at $1,310.30 retracing 0.55% from previous session and printing lows at $1,305.10 and highs at $1,326.00. Silver follows with 0.21% losses and is offered at $21.74 with lows at $21.50 and highs at $21.93. Losing the $700 key psychological level, palladium also prints losses totaling 0.14% with lows at $692.50 and highs at $709.50 and the current price of $699.20. On the contrary, platinum advances 1.25% and prints lows at $1,373.70 and highs at $1,391.00 to now trade at $1,390.50. Finally, copper is up 0.98% above the $3.3 zone, where it trades at the moment, and registering lows at $3.2580 and highs at $3.3170.
Over 800,000 state employees are out of work ahead of another extremely important deadline next October 19th – debt ceiling issue.
Gold maintains the $1,300 after dropping it earlier this week and now trades at $1,310.30 retracing 0.55% from previous session and printing lows at $1,305.10 and highs at $1,326.00. Silver follows with 0.21% losses and is offered at $21.74 with lows at $21.50 and highs at $21.93. Losing the $700 key psychological level, palladium also prints losses totaling 0.14% with lows at $692.50 and highs at $709.50 and the current price of $699.20. On the contrary, platinum advances 1.25% and prints lows at $1,373.70 and highs at $1,391.00 to now trade at $1,390.50. Finally, copper is up 0.98% above the $3.3 zone, where it trades at the moment, and registering lows at $3.2580 and highs at $3.3170.
Over 800,000 state employees are out of work ahead of another extremely important deadline next October 19th – debt ceiling issue.