Don't Miss The Rally In Metals Prices

Copper

Photo: eBay

Precious metals are rallying this afternoon with December deliverables of gold and silver trading up 2.3% and 4.2% to $1,674/oz and $32.295/oz, respectively.News that European leaders would come to a consensus on bank recapitalization and the European Financial Stability Facility by the end of October sent the Euro above $1.36, reversing last week’s low of $1.31.

Other metals posted gains including copper, which is up 3.3% to $3.3825/lb.

Copper FuturesCopper

Photo: FinViz

 

More on the EFSF and Euro political moves >

 

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