Written Commentary
GOLD
December gold futures are higher in light of news of declines in U.S. import and export prices. Import prices in September on a month-to-month basis fell 0.4%, which compares to the expected 0.3% decline, and export prices fell 0.7% when down 0.4% was anticipated.
Additionally, heightened tensions in the Middle East could further support gold’s upward momentum.
SILVER
December silver futures are higher and are trading near the 32.40 level. Much of the strength can be linked to declines in U.S. Treasury yields. Investors are also closely watching upcoming U.S. economic reports, which could provide clues about the Federal Reserve’s next interest rate decision.
COPPER
December copper futures are higher on Wednesday after falling to a three-week low earlier in the week. Investors are now awaiting a government briefing in China, which will address challenges in the property sector. Recent pressure on copper prices followed China’s weekend stimulus announcements aimed at supporting the property market. However, these measures failed to boost investor confidence, leaving analysts uncertain about the scale of the proposed rescue package.
Interested in more futures markets? Explore our Market Dashboards here.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
