Back
17 Sep 2013
Metals retreat on final countdown
FXstreet.com (Chicago) – The final day prior to the FOMC is finally here. With countless headlines, the possibility of the bond-buying program reduction will come to life tomorrow after the Federal Reserve members meet in Washington. Although market participants run out of time, speculations continue pacing high. Economic projections will be set for two years amid debt ceiling strategy talks.
At the moment, gold is offered at $1,311.60 with lows at $1,305.80 and highs at $1,324.70 for a 0.47% loss so far. Silver retraces 0.95% and trades at $21.80 registering lows at $21.64 and highs at $22.14. Platinum is down 1.09%, printing largest losses among metals futures contracts and is offered at $1,425.50 with lows at $1,419.30 and highs at $1,448.00. Copper prints minimal 0.09% gains and trades at $3.2250 with lows at $3.1985 and highs at $3.2400. Finally, palladium advances 0.05% and extends gains to trade at $706.40 with lows at $697.85 and highs at $712.05.
At the moment, gold is offered at $1,311.60 with lows at $1,305.80 and highs at $1,324.70 for a 0.47% loss so far. Silver retraces 0.95% and trades at $21.80 registering lows at $21.64 and highs at $22.14. Platinum is down 1.09%, printing largest losses among metals futures contracts and is offered at $1,425.50 with lows at $1,419.30 and highs at $1,448.00. Copper prints minimal 0.09% gains and trades at $3.2250 with lows at $3.1985 and highs at $3.2400. Finally, palladium advances 0.05% and extends gains to trade at $706.40 with lows at $697.85 and highs at $712.05.