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Metals rebound on US debt-ceiling concerns

FXstreet.com (Chicago) – Gold continues advancing after bouncing off $1,320.00 double lows ahead of Wall Street’s closing. As concerns on US debt ceiling escalate, market participants react holding lower risk instruments.

Metals recap

Gold now trades at $1,339.00 and prints highs at $1,345.20 advancing 1.13% so far. Silver is offered at $21.84 to print lows at $21.41 and highs at $22.18 to accumulate 0.32% gains. Platinum advances 0.51% and is offered at $1,417.90 to register lows at $1,396.80 and highs at $1,420.90. Copper advances 0.44% and is now offered at $3.3215 with lows at $3.2920 and highs at $3.3310. Finally, palladium is offered at $730.55 and accumulates 0.98% total gains for the day so far printing lows at $720.50 and highs at $736.55.

USD/JPY keeps diving; hits 98.09 10-day lows

USD/JPY continues accumulating losses and prints 0.81% daily losses so far for a total of 112 pips lost this week. Ahead of Wall Street’s closing, the pair stalls around 10-day lows on concerns about the US debt-ceiling.
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NZD/USD capped at 0.8280

NZD/USD continues extending gains but remains capped around the 0.8280 zone after bouncing off from 0.8248 lows ahead of Wall Street’s closing. The pair accumulates 0.97% weekly losses so far.
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