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Industrial Metals Gain on Glencore News

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Precious Metals Edge Higher On Dimming US Rate Hike Prospect Gold spiked to the highest level in seven weeks on Friday, as the prospect that the Fed will raise its interest rates by the end of this year dimmed. Gold futures for delivery in December tacked on 0.97%, to settle at $1,155.4 in late trade on the Comex, posting their highest close since August 24. Over the past week, bullion futures jumped 1.69%, while prices were up 1.7% compared to the previous week’s closing price, climbing on

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