The metals market is mixed today, with gold and silver soaring on back of the S&P downgrade of U.S. debt. Equities are plunging as a result.
Copper is down 2 cents to trade at $4.09700, a loss of 0.49%.
Ipath Dow Jones Ubs Copper Total ETF (NYSE: JJC) is down 49 cents to $53.51, a loss of 0.9%.
Silver is up 88 cents to $39.09 an ounce, a gain of 2.3%. It looks like it will retest $40 in the coming week.
Shares of Ishares Silver Trust ETF (NYSE: SLV) are up $1.13 this morning, to trade at $38.45, a gain of just over 3%.
Gold is up $43.40 an ounce to $1,695.20, a gain of 2.63%.
Shares of Spdr Gold Trust ETF (NYSE: GLD) are up $3.84 to $165.59.
Platinum is up $4.40 an ounce, trading at $1,723.50, a gain of 0.26%.
The platinum ETF settings First Trust ISE Global Platinum Index (NASDAQ: PLTM) is down $1.33 this morning to trade at $22.72.
Palladium is down $8.80 an ounce today, trading at $733.00, a loss of 1.2%.
Shares of ETFS Physical Palladium Shares (NASDAQ: PALL) are sharply lower today, down $1.09 to $72.54.
This article was originally published on Benzinga, and is republished here with permission.
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