Markets

Metal Futures: Gold Down $20, Climbing Back from Slide Testing $1,700/Oz.

Gold is bouncing back somewhat today, climbing back from a slide throughout the early morning hours testing whether bears could drive the precious metal back under $1,700 an ounce. Twice thwarted in that attempt, contracts have now pared about half of their previous losses.

Silver is up about 1% this morning. Copper also is ahead, adding nearly 7 cents after establishing a beachhead above $4 a pound.

At 9:10 a.m. ET

Dec Gold $1,738.1 -19.1

Sep Silver $39.80 +0.638

Sep Copper $4.071 +0.755

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos