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11 Sep 2013
Gold drops to almosr 21-day lows on 9/11 commemoration and Syrian conflict
FXstreet.com (Chicago) – Gold fell to the lowest zone in almost 3 weeks after the US President announced postponing a congressional vote to try to solve the Syrian conflict with diplomacy.
Last night, president Obama said the attacks were not acceptable and the US needed to maintain its sovereignty in the world and stability in the region. After announcing meetings with the Security Council and leaders from Russia and France, he said the congressional vote would be postponed, easing down remaining concerns among market participants in regards to a military strike. Also, the US commemorated the 9/11 incidents.
Metals registered mixed results with gold falling to almost 3-week lows to $1,356 and bouncing off to $1,368.70 and now trade at $1,363.80. Silver trades at $23.16 with lows at $22.79 and highs at $23.25. Platinum is offered at $1473.50 with lows at $1,468.10 and highs at $1,487.40. Copper trades at $3.2765 with lows at $3.2560 and highs at $3.2830. Finally, palladium trades at $696.20 registering lows at $688 and highs at $704.00.
Last night, president Obama said the attacks were not acceptable and the US needed to maintain its sovereignty in the world and stability in the region. After announcing meetings with the Security Council and leaders from Russia and France, he said the congressional vote would be postponed, easing down remaining concerns among market participants in regards to a military strike. Also, the US commemorated the 9/11 incidents.
Metals registered mixed results with gold falling to almost 3-week lows to $1,356 and bouncing off to $1,368.70 and now trade at $1,363.80. Silver trades at $23.16 with lows at $22.79 and highs at $23.25. Platinum is offered at $1473.50 with lows at $1,468.10 and highs at $1,487.40. Copper trades at $3.2765 with lows at $3.2560 and highs at $3.2830. Finally, palladium trades at $696.20 registering lows at $688 and highs at $704.00.