3 Sep 2013
Blame it on September or blame it on risk aversion behavior? Gold’s back above $1,400
FXstreet.com (Chicago) – Gold is back up above $1,400 level after a rally from $1,385 lows. After the end of Labor Day holiday maintaining the markets closed, metals rallied back up. Whether the reasons are the strong support obtained by President Obama from Republican senators to strike Syria “tomorrow or next week or one month”, or the metal’s seasonal activity, the metal returns.
Offered at $1,415.30, gold bounced off lows at $1,373.60 and retraced from $1.416.40 highs to accumulate 1.38% gains so far. Silver follows after regaining $24.00 zone to trade at $24.38 after reaching lows at $23.11 and retracing from highs at $24.53 for a 3.67% gain so far. Platinum is also up and trades at $1,539.80 after bouncing off from $1,512.90 lows and retracing from $1,540.90 highs. The metal accumulates 0.83% so far. Copper is also up with gains accounting for 2.35% so far and trades at $3.3090 bouncing off lows at $3.2450 after retracing from $3.3275 highs. Finally, copper is down 0.70% and trades at $718.80 bouncing off lows at $714.25 and retracing from $731.75 highs.
Offered at $1,415.30, gold bounced off lows at $1,373.60 and retraced from $1.416.40 highs to accumulate 1.38% gains so far. Silver follows after regaining $24.00 zone to trade at $24.38 after reaching lows at $23.11 and retracing from highs at $24.53 for a 3.67% gain so far. Platinum is also up and trades at $1,539.80 after bouncing off from $1,512.90 lows and retracing from $1,540.90 highs. The metal accumulates 0.83% so far. Copper is also up with gains accounting for 2.35% so far and trades at $3.3090 bouncing off lows at $3.2450 after retracing from $3.3275 highs. Finally, copper is down 0.70% and trades at $718.80 bouncing off lows at $714.25 and retracing from $731.75 highs.