Metals action picking up?

FXstreet.com (Chicago) – Metals remain conservative ahead of Tokyo’s opening and a big data week for the US with lots to release after shutdown paralysis.

QE tapering

Amid rumors of speculators stating tapering may not happen anytime soon and the results of a Bloomberg survey affirming the QE tapering will be delayed until March 2014, market participants push gold back above the $1,300 level. Data driven reactions may affect metals at moment of releases as the US has lots of data due after governmental paralysis.

Metals recap

Gold stalls after rally from $1,250 zone and trades at $1,315.60 printing lows at $1,312.00 and highs at $1,316.40 advancing 1%. Silver is still below the $22 level and trades at $21.92 advancing 0.02% and registering lows at $21.86 and highs at $21.94. Platinum is flat and offered at $1,437.80 with lows at $1,434.70 and highs at $1,438.50. Copper is down 0.21% and trades at $3.2920 registering lows at $3.2910 and highs at $3.2940. Finally, palladium is up 0.63%, advancing the most and trading at $745.35 with lows at $740.70 and highs at $745.50.