2 Sep 2013
Gold retracing below $1380
FXstreet.com (Barcelona) - Gold has posted a fresh session low at $1374 resuming the correction started last Wednesday from above the $1430 level, following news through the weekend pointing to a prolonged wait for the US military attack on Syria.
Last at $1383, the yellow metal is down -0.83% from previous weekly close Friday, while Silver is bouncing at $23.31 from early session fresh 1-week lows at $23.05, following Oil selling off below the $105 mark.
Copper in the other hand moves higher above the $3.24 area on better than expected China manufacturing PMI data. Iron ore closed Friday marginally below the key $140 level.
Last at $1383, the yellow metal is down -0.83% from previous weekly close Friday, while Silver is bouncing at $23.31 from early session fresh 1-week lows at $23.05, following Oil selling off below the $105 mark.
Copper in the other hand moves higher above the $3.24 area on better than expected China manufacturing PMI data. Iron ore closed Friday marginally below the key $140 level.