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9 Sep 2013
Losers outnumber winners in metals; risk appetite prevails
FXstreet.com (Chicago) – Russian President Vladimir Putin presented a proposal to the international community aiming to prevent any more violent exchanges between countries. The Syrian government welcomed the possibility to give up chemical weapons for their eventual destruction in the hands of international organisms such as the United Nations. Market participants reacted positively as a peaceful conflict resolution may be on its way.
The United States said it would take a “hard look” to the Russian proposal but did not hesitate to insist on its strong skepticism towards Syrian intentions. Meanwhile, gold reached $1,395 highs but retraced to $1,381.90 lows and is now offered at $1,386.80, up 0.02%. Silver trades at $23.67 after dropping from $24.25 peaks and bouncing off $23.44 lows, down 0.94%. Platinum trades at $1,483.80 after falling from $1,499.40 peaks and retracing from $1,480.90 highs to register 0.80% losses. Copper is up 0.58% and trades at $3.2810 after bouncing off $3.2590 lows and retracing from $3.2990. Finally, palladium is down 1.55% and trades at $686.05 after retracing from $701.00 highs but bouncing off $682.25 lows.
The United States said it would take a “hard look” to the Russian proposal but did not hesitate to insist on its strong skepticism towards Syrian intentions. Meanwhile, gold reached $1,395 highs but retraced to $1,381.90 lows and is now offered at $1,386.80, up 0.02%. Silver trades at $23.67 after dropping from $24.25 peaks and bouncing off $23.44 lows, down 0.94%. Platinum trades at $1,483.80 after falling from $1,499.40 peaks and retracing from $1,480.90 highs to register 0.80% losses. Copper is up 0.58% and trades at $3.2810 after bouncing off $3.2590 lows and retracing from $3.2990. Finally, palladium is down 1.55% and trades at $686.05 after retracing from $701.00 highs but bouncing off $682.25 lows.