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8 Oct 2013
Gold stumbles on dollar’s awakening
FXstreet.com (Chicago) – Metals fell led by gold after the greenback stretched higher despite the negative message sent by Obama on most recent public announcements to negotiate the borrowing limit with republicans.
Offered at $1,319.80, gold retraces 0.40% printing lows at $1,315.40 and highs at $1,330.80. Silver also falls to register 0.22% losses and trades at $22.34 printing lows at $22.11 and highs at $22.52. Copper is also down on weaker than expected Chinese data earlier today and is offered at $3.2925, losing 0.11%, and printing lows at $3.2820 and highs at $3.3220. Platinum prints gains of 0.12% and is offered at $1,403.60 registering lows at $1,397.00 and highs at $1,411.30. Finally, palladium advances 1.13% and is offered at $713.30 registering lows at $702.30 and highs at $717.
On earlier comments, President Obama said he has no intentions to negotiate with republicans government spending options ahead of debt deficit hard deadline next October 19th. Markets in Wall Street trade with losses ahead of closing.
Offered at $1,319.80, gold retraces 0.40% printing lows at $1,315.40 and highs at $1,330.80. Silver also falls to register 0.22% losses and trades at $22.34 printing lows at $22.11 and highs at $22.52. Copper is also down on weaker than expected Chinese data earlier today and is offered at $3.2925, losing 0.11%, and printing lows at $3.2820 and highs at $3.3220. Platinum prints gains of 0.12% and is offered at $1,403.60 registering lows at $1,397.00 and highs at $1,411.30. Finally, palladium advances 1.13% and is offered at $713.30 registering lows at $702.30 and highs at $717.
On earlier comments, President Obama said he has no intentions to negotiate with republicans government spending options ahead of debt deficit hard deadline next October 19th. Markets in Wall Street trade with losses ahead of closing.