S&P 500
1994.65
+12.35 +0.62%
Dow Indu
17195.42
+221.11 +1.29%
Nasdaq
4565.66
+16.43 +0.36%
Crude Oil
81.06
-0.06 -0.07%
Gold
1188.25
-13.00 -1.08%
Euro
1.257200
-0.003220 -0.26%
US Dollar
86.649
+0.484 +0.62%
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PRECIOUS METALS

METALS: December gold futures closed down $26.60 an ounce at $1,198.30 today. Prices closed nearer the daily low and hit another three-week low. The key “outside markets” were bearish for gold today as the U.S. dollar index was higher and crude oil prices were lower. The bears have the solid near-term technical advantage. Gold prices are now edging toward major longer-term technical support at the $1,183.00 area.

December silver futures closed down $0.804 at $16.460 today. Prices closed nearer the session low and hit a contract and four-year low today. The key “outside markets” were bearish for silver today as the U.S. dollar index was higher and crude oil prices were lower. The silver bears have the solid overall near-term technical advantage.

December N.Y. copper closed down 370 points at 306.75 cents today. Prices closed near mid-range today. The key “outside markets” were bearish for copper today as the U.S. dollar index was higher and crude oil prices were lower. The bears have the near-term technical advantage.

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