Metals Close
The metals complex finished the day significantly lower with Gold down 2.7% to 923.00, Silver falling 2.9% to 17.49, Platinum shedding 2.5% to 1763 and Copper off 0.9% to 365.75.
Gold extended its losses in the afternoon and is down 4.2% the last two days. Support for Gold lies at the July 8 low of 913. Below that further support exists at the 200-day moving average of 892.35.
Copper fell sharply early in the day but found support at the July 16 low of 363. Copper staged a rally in the early afternoon, but still wound up closing below yesterday’s low of 365.95.
Platinum fell for the 8th session in a row and has lost 14% in that time period.