29 Oct 2013
Shy metal moves in Asia
FXstreet.com (Chicago) – Metals trade with slight losses at the beginning of Tuesday’s session in Asia ahead of the US Fed's meeting this Wednesday.
Gold stalls around the $1,352.60 zone printing 0.03% advances so far with lows at $1,351.70 and highs at $1,354.60. Silver is down 0.13% and is offered at $22.51 after trading within low boundaries at $22.46 and highs at $22.55. Platinum is down 0.30% and trades at $1,468.50 registering lows at $1,463.80 and highs at $1,472.90. Copper is also down and retraces 0.28% to now be offered at $3.26 printing lows at $3.2560 and highs at $3.2660. Palladium is down 0.99%, losing the most among futures metals, and trades at $743.05 printing lows at $742.50 and highs at $745.65.
Market participants are expectant of the US Federal Reserve meeting on Wednesday defining the interest rate decision in the incoming weeks and whether or not there will be tapering. Although data supports the QE won’t start until next spring, risk is being weighted.
Gold stalls around the $1,352.60 zone printing 0.03% advances so far with lows at $1,351.70 and highs at $1,354.60. Silver is down 0.13% and is offered at $22.51 after trading within low boundaries at $22.46 and highs at $22.55. Platinum is down 0.30% and trades at $1,468.50 registering lows at $1,463.80 and highs at $1,472.90. Copper is also down and retraces 0.28% to now be offered at $3.26 printing lows at $3.2560 and highs at $3.2660. Palladium is down 0.99%, losing the most among futures metals, and trades at $743.05 printing lows at $742.50 and highs at $745.65.
Market participants are expectant of the US Federal Reserve meeting on Wednesday defining the interest rate decision in the incoming weeks and whether or not there will be tapering. Although data supports the QE won’t start until next spring, risk is being weighted.