August Gold futures closed up $4.70 at $925.70 today. Prices closed nearer the session high after hitting a fresh five-week low early on today. Short covering and perceived bargain hunting were featured today as the U.S. dollar sold off sharply.

December Silver futures closed up 11.1 cents at $13.89 an ounce today. Prices closed near the session high after hitting a fresh five-week low early on today. Short covering was featured. Serious chart damage has occurred recently. The key “outside markets” were bullish for silver futures today, as the U.S. stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower.

December N.Y. Copper closed up 605 points at 221.50 cents today. Prices closed near the session high today and recovered about half of Monday’s big losses. The key “outside markets” were bullish for copper futures today, as the U.S. stock indexes were firmer, and crude oil was solidly higher, while the U.S. dollar was sharply lower.

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