Metals

Metals prices this morning are mixed with Dec gold -1.3 (-0.10%), Dec silver +0.023 (+0.16%), and Dec copper +0.050 (+1.82%). Thursday's closes: Dec gold +23.6 (+1.94%), Dec silver +0.495 (+3.47%), Dec copper +0.0625 (+2.35%). Metals on Thursday closed higher on the slide in the dollar index to a 1-week low and the larger-than-expected decline in in the U.S. Oct ISM manufacturing PMI to a 6-month low, which was dovish for Fed policy. Copper was supported by tight copper supplies after LME copper inventories fell by -950 MT to a 10-1/4 year low of 136,675 MT.