Metals

Metals prices this morning are higher with Dec gold +4.7 (+0.37%), Dec silver +0.008 (+0.05%) and Dec copper +0.015 (+0.49%). Thursday's closes: Dec gold +0.5 (+0.04%), Dec silver +0.101 (+0.60%), Dec copper -0.0065 (-0.21%). Metals on Thursday settled mixed. Metals prices were supported by fund buying of gold as long gold positions in gold ETFs rose to a 3-week high on Wednesday. Copper prices fell after China Oct refined copper output rose +6.3% y/y to 781,000 MT, which may curb Chinese import demand for copper.