Metals retracing ahead of FOMC, Fed’s meetings

FXstreet.com (Chicago) – Metals present losses across all futures contracts ahead of the last FOMC and Fed’s meetings and the closing of the American trading session.

Gold continues the choppy trading price action lived throughout December ahead of the last FOMC and Fed meeting with potential public announcements of the continuation or change of the US monetary policy. Losing 1.17%, gold trades at $1,229.90 printing lows at $1,226.50 and highs at $1,247.60. Silver is 1.09% down and is offered at $19.88 registering lows at $19.68 and highs at $20.23. Platinum is 0.88% down and trades at $1,348.10 with lows at $1,342.90 and highs at $1,365.00 similarly to palladium, contract retracing 2% so far to now trade at $701.15 printing lows at $698.40 and highs at $720.75. Finally, copper is 0.18% down and trades at $3.3235 registering lows at $3.3155 and highs at $3.3355.