S&P 500
2067.89
-18.35 -0.89%
Dow Indu
17776.12
-200.19 -1.13%
Nasdaq
4907.72
-39.72 -0.81%
Crude Oil
47.14
-0.46 -0.97%
Gold
1184.050
-2.235 -0.19%
Euro
1.073060
-0.004175 -0.39%
US Dollar
98.528
+0.149 +0.19%
Weak
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PRECIOUS METALS

METALS: June gold futures closed down $3.00 an ounce at $1,182.30 today. Prices closed nearer the session low again today. The key “outside markets” were again bearish for gold today as the U.S. dollar index was solidly higher and crude oil prices were weaker. Gold bears have the firm overall near-term technical advantage and have regained downside momentum.

May silver futures closed down $0.074 at $16.60 today. Prices closed near mid-range. The key “outside markets” were bearish for silver again today as the U.S. dollar index was solidly higher and crude oil prices were weaker. Bears have regained the near-term technical advantage in silver.

May N.Y. copper closed down 400 points at 274.15 cents today. Prices closed nearer the session low. The key “outside markets” were bearish for copper today as the U.S. dollar index was solidly higher and crude oil prices were weaker. The copper market bulls have the slight overall near-term technical advantage. A two-month-old uptrend is still in place on the daily bar chart. A bullish pennant pattern has formed on the daily bar chart.

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