Metals Mixed, Copper Soaring On Stronger Yuan
The metals market is mixed today, with copper soaring based on a stronger Chinese yuan today. Equities are positive, but have come well off their highs of the session.
Copper is up 12.35 cents to trade at $4.0120, a gain of just over 3%.
Ipath Dow Jones Ubs Copper Total ETF (NYSE: JJC) is up $1.38 to $52.32, a gain of 2.7%.
Silver is down sharply, down 97 cents to $38.36, a loss of 2.46%.
Shares of Ishares Silver Trust ETF (NYSE: SLV) are down $1.10 this morning, to trade at $37.36, a loss of 2.9%.
Gold is down $24.50 an ounce to $1,759.80, after the CME announced last night it would hiking margins 22%.
Shares of Spdr Gold Trust ETF (NYSE: GLD) are down $2.71 to $171.87.
Platinum is up $9.60 an ounce, trading at $1,781.30, a gain of nearly 0.5%.
The platinum ETF settings First Trust ISE Global Platinum Index (NASDAQ: PLTM) is down 2 cents this morning to trade at $22.42.
Palladium is up $4.30 an ounce today, trading at $731.10 an ounce.
Shares of ETFS Physical Palladium Shares (NASDAQ: PALL) are higher today, up 26 cents to $72.55.
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