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22 Nov 2013
Tamed futures contracts; gold with largest weekly loss in months
FXstreet.com (Chicago) – Futures contracts for metals register mixed performance with gold trading low key around 4-month lows amid speculations about the US QE on latest economic results.
Gold is expected to record one of the major weekly losses in months after dropping over 3% so far this week hours away of the Wall Street closing. At $1,243.90, contracts print lows at $1,240.30 and highs at $1,248.30 retracing 0.02% for the day. Silver is 0.35% down and trades at $19.86 registering lows at $19.82 and highs at $20.04. Platinum losses 0.42% and is offered at $1,385.80 printing lows at $1,381.10 and highs at $1,398.30. On the other hand, copper advances 0.78% and is offered at $3.2165 registering lows at $3.1805 and highs at $3.2185. Finally, palladium is 0.29% stronger and finds asks at $715.30 marking lows at $712.50 and highs at $725.00.
Gold is expected to record one of the major weekly losses in months after dropping over 3% so far this week hours away of the Wall Street closing. At $1,243.90, contracts print lows at $1,240.30 and highs at $1,248.30 retracing 0.02% for the day. Silver is 0.35% down and trades at $19.86 registering lows at $19.82 and highs at $20.04. Platinum losses 0.42% and is offered at $1,385.80 printing lows at $1,381.10 and highs at $1,398.30. On the other hand, copper advances 0.78% and is offered at $3.2165 registering lows at $3.1805 and highs at $3.2185. Finally, palladium is 0.29% stronger and finds asks at $715.30 marking lows at $712.50 and highs at $725.00.