Precious Metals Prices Dip After Recent Gains But Remain in Uptrend; Copper Rebounds From 12-Month Low

Gold and silver prices are modestly down near midday Monday on some routine corrective, consolidative pressure following recent gains.

Focus of traders and investors remains on rhetoric coming from central bankers, especially the Federal Reserve.

Technically, December gold futures prices hit a 10-week high Friday. The bulls have the overall near-term technical advantage.

December silver futures bulls have the overall near-term technical advantage. Prices are in an uptrend on the daily bar chart.

December N.Y. copper closed up 145 points at 357.75 cents today. Prices closed near the session high today after hitting a 12-month low early on.