Gold, silver weaker but well up from daily lows

trading Monday, but have made a good recovery from the sharp losses seen in early trading, which took gold prices to a four-week low.

monetary policy, focus will be on the Fed’s tenor on inflation prospects and when the central bank will start to taper its very easy money policies.

However, they are fading as a nine-week-old price uptrend on the daily bar chart has been negated.

Silver bulls’ next upside price objective is closing prices above solid technical resistance at the May high of $28.90 an ounce.

Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at 470.70 cents.

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