GOLD / SILVER
Despite a broad-based risk off psychology from disappointing European data, gold and silver prices have started off weaker in a fashion that suggests the markets are not tracking flight to quality factors.
PLATINUM / PALLADIUM
Unfortunately for the bull camp the platinum market failed to hold a new contract high breakout yesterday and the market is showing signs of retrenching along with gold, silver, and other physical commodities. The palladium market continues to waffle without respect to a trend commitment.
With a broad-based global risk off psychology in place to start the last trading session of the week, the fundamental bias in the copper market has shifted down. Furthermore, with a series of recent highflying industrial material prices coming under pressure overnight, the copper trade is moving to temper copper demand expectations.
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