Market Commentary

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INO.com’s Daily Market Analysis

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PRECIOUS METALS

METALS: December gold futures were up $13.00 at $1,809.20 in midday trading today and nearer the session high. Bulls have the overall near-term technical advantage amid a four-week-old price uptrend in place on the daily bar chart.

December silver futures were up $0.156 at $24.605 in midday trading today and nearer the session high. The silver bulls have the overall near-term technical advantage. Prices are in a four-week-old uptrend on the daily chart.

December N.Y. copper closed up 410 points at 453.90 cents today. Prices closed near mid-range. The copper bulls have the overall near-term technical advantage but have faded recently. Prices are still in a four-week-old uptrend on the daily bar chart.