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10 Sep 2013
Red shades among metals
FXstreet.com (Chicago) – Earlier today, Presidents Obama (US), Holland (France) and Prime Minister Cameron communicated their preference for a diplomatic solution to the Syrian conflict. Syria announced its willingness to sign one of the WMD treaties banning chemical weaponry along the acceptance of Russian President Putin to give up arms to international control agencies.
As risk aversion fades, metals plunge with gold retracing from $1,391.40 highs to bounce off from $1,357.60 and eventually settle at $1,365.10 (down 1.56%). Silver follows price fluctuation and marks 2.85% daily losses so far to trade at $23.04 and registers $22.84 lows and $23.82 highs. Platinum is down 0.55% and trades at $1474.80 and registers lows at $1471.00 and highs at $1488.80. Copper is also down with 0.38% losses to trade at $3.2655 after retracing from $3.2965 peaks and bouncing off $3.2530 lows. Palladium is the only winner registering 1.74% gains to trade at $694.90 with $696.55 highs and $684.20 lows.
As risk aversion fades, metals plunge with gold retracing from $1,391.40 highs to bounce off from $1,357.60 and eventually settle at $1,365.10 (down 1.56%). Silver follows price fluctuation and marks 2.85% daily losses so far to trade at $23.04 and registers $22.84 lows and $23.82 highs. Platinum is down 0.55% and trades at $1474.80 and registers lows at $1471.00 and highs at $1488.80. Copper is also down with 0.38% losses to trade at $3.2655 after retracing from $3.2965 peaks and bouncing off $3.2530 lows. Palladium is the only winner registering 1.74% gains to trade at $694.90 with $696.55 highs and $684.20 lows.