18 Nov 2013
Slumped futures metals on remarkable trading journey
FXstreet.com (Chicago) – Metals present major losses all throughout after the intense demand of global equities sending the equity indexes to print gains in most countries.
In Asia, the Shanghai Composite was 2.87% stronger, the Hang Seng advanced 2.73%, the Korean Kospi was 0.26% stronger, the Indonesian IDX gained 1.34%, the Indian S&P CNX Nifty and Sensex strengthened 2.19% and 2.21% respectively. In Europe, winning equity markets were the German DAX up 0.62%, the English FTSE 100 up 0.45%, the French CAC40 0.66% stronger, the Spanish IBEX 35 up 0.90%, the Italian FTSE MIB up 2.24%, the Swiss SMI up 0.29% and others.
Metals on the other hand saw their prices slump with gold trading at $1,272.30 for a retracement of 1.17% printing lows at $1,269.20 and highs at $1,289.20. Silver followed to lose 1.70% so far and trade at $20.38 printing lows at $20.29 and highs at $20.80. Platinum is 1.95% down and trades around session lows at $1,410.60 being offered 20 cents pricier. Highs are registered at $1,442. Copper is also down and accumulates 0.71% losses to trade at $3.1485 registering lows at $3.1470 and highs at $3.1780. Palladium is 2.09% weaker and trades at $717.35 registering lows at $716 and highs at $733.40.
In Asia, the Shanghai Composite was 2.87% stronger, the Hang Seng advanced 2.73%, the Korean Kospi was 0.26% stronger, the Indonesian IDX gained 1.34%, the Indian S&P CNX Nifty and Sensex strengthened 2.19% and 2.21% respectively. In Europe, winning equity markets were the German DAX up 0.62%, the English FTSE 100 up 0.45%, the French CAC40 0.66% stronger, the Spanish IBEX 35 up 0.90%, the Italian FTSE MIB up 2.24%, the Swiss SMI up 0.29% and others.
Metals on the other hand saw their prices slump with gold trading at $1,272.30 for a retracement of 1.17% printing lows at $1,269.20 and highs at $1,289.20. Silver followed to lose 1.70% so far and trade at $20.38 printing lows at $20.29 and highs at $20.80. Platinum is 1.95% down and trades around session lows at $1,410.60 being offered 20 cents pricier. Highs are registered at $1,442. Copper is also down and accumulates 0.71% losses to trade at $3.1485 registering lows at $3.1470 and highs at $3.1780. Palladium is 2.09% weaker and trades at $717.35 registering lows at $716 and highs at $733.40.