Metals
Metals prices this morning are mixed with Dec gold -0.06 (-0.05%), Dec silver -0.016 (-0.09%) and Dec copper up +0.015 (+0.46%) at a 1-month high. Thursday's closes: Dec gold +7.6 (+0.59%), Dec silver +0.133 (+0.78%), Dec copper +0.0245 (+0.79%). Metals prices on Thursday closed higher with Dec gold and Dec silver at 2-week highs and Dec copper at a 1-month high. Metals prices were boosted by carry-over support from Wednesday afternoon's minutes of the Sep 19-20 FOMC meeting, which were released after metals markets closed, that Fed members were concerned about low inflation, which was dovish for Fed policy. Metals prices were also boosted by the stronger-than-expected U.S. Sep core PPI, which boosted demand for gold as an inflation hedge, and by tighter copper supplies after LME copper inventories fell -1,025 MT to a 4-week low of 285,900 MT.