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Gold weaker, silver sharply down; copper at least partly to blame
Gold prices are slightly lower in midday U.S. trading today, on some mild profit taking. Silver prices are sharply down and hit a four-week low, with weak long liquidation featured in the futures market. December gold was last down $4.70 at $3,348.10. September silver prices were last down $1.049 at $36.69. It’s likely the weaker gold prices and strong selling pressure in silver futures is at least partly due to spillover selling amid the big copper market meltdown seen the past two days. President Trump surprised the copper futures market with new tariff rules on copper imports, which dropped copper futures prices ... (full story)
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