Metals Close
Metals finished the day mixed with Gold flat at 816.6, Silver off 0.5% to 13.035, Platinum up 1.5% to 1372 and Copper falling 0.8% to 339.70.
After repeatedly bouncing off session highs around 824 early in the session, Gold sold off into negative territory and hit a low of 805. However, it managed to rally into the close to finish relatively unchanged. Tomorrow, 805 will be support with the key 800 level below that. On the upside, the 9-day moving average (820.30) and today’s high (824.50) will be resistance.
Copper spent the afternoon challenging resistance at 340, but was unable to break through the level. 340 will also provide resistance tomorrow with today’s low of 360 serving as support.