Metals made tiny steps as risk soars

CHICAGO (Oct 16)   Washington remains the center of attention in worldwide markets as the possibility of a US default may cause unimaginable panic among market participants. Fitch announced a possible downgrade to the US and talks in the country are set to continue later in the day. Metals fluctuate with highly volatile moods and increase on latest developments.

Gold trades at $1,278.10 and prints lows at $1,272.70 and highs at $1,283.40 advancing 0.38%. Silver is 0.26% up and is offered at $21.25 printing lows at $21.15 and highs at $21.37. Platinum advances 0.12% and registers lows at $1,378.70 and highs at $1,386.10 to now trade at $1,385. Palladium is also up 0.15% and is offered at $707.25 printing lows at $705.20 and highs at $708.60. Finally, copper is down 0.11% and is traded at $3.3040 with lows at $3.2940 and highs at $3.3145.