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5 Aug 2013
Gold still bid above the $1300 mark
FXstreet.com (Barcelona) - Gold is currently trading at fresh session highs in the spot market quoted at $1351, extending the bounce from Friday's fresh 2-week lows at $1282 printed ahead of NFP at around the 38.2% Fibo retrace of latest daily up leg $1180/1350.
Silver is marginally below the $20 handle, off Friday's weekly highs at $20.31 printed following NFP, bouncing from previous fresh 2-week lows at $19.20 in the spot market. The Sept futures contract for Silver is last trading at $19.89, still a -0.06% lower from Friday's close.
Copper is last at $3.18 a +0.53% higher from previous weekly close Friday, off Friday's weekly high at $3.20. Iron ore was trading Friday around the $130 level, finding resistance below the $135 mark, previous support zone back in March, and 38.2% Fibo retrace of daily up leg 88/160 from Sept last year lows.
Silver is marginally below the $20 handle, off Friday's weekly highs at $20.31 printed following NFP, bouncing from previous fresh 2-week lows at $19.20 in the spot market. The Sept futures contract for Silver is last trading at $19.89, still a -0.06% lower from Friday's close.
Copper is last at $3.18 a +0.53% higher from previous weekly close Friday, off Friday's weekly high at $3.20. Iron ore was trading Friday around the $130 level, finding resistance below the $135 mark, previous support zone back in March, and 38.2% Fibo retrace of daily up leg 88/160 from Sept last year lows.