Metals Close
Metals were mixed with Gold down 0.3% to 928.70, Silver losing 1.2% to 17.495, Platinum up 0.6% to 2075 and Copper up 0.1% to 388.25. Metals were positive in early trade, but slipped as the dollar gained strength.
Gold had a day of consolidation after gaining 5.5% over the past 2 sessions. Like today, the May 22 high of 940 will likely serve as resistance tomorrow.
After closing at its highest level since May 6 on Friday, Copper didn’t give any of those gains back, but didn’t make much progress in its quest to hit the 400 level, either.