Metals

Metals prices this morning are mixed with Feb gold +1.0 (+0.08%), Mar silver -0.051 (-0.30%) and Mar copper -0.025 (-0.75%). Tuesday's closes: Feb gold +6.8 (+0.52%), Mar silver +0.061 (+0.36%), Mar copper 0.0225 (-0.68%). Metals on Tuesday settled mixed with Feb gold at a 3-1/2 month high and Mar silver at a 1-month high. Metals prices were boosted by the slump in the dollar index to a 3-1/4 month low and by increased inflation expectations that boost demand for precious metals as an inflation hedge after the 10-year T-note breakeven inflation rate rose to a 9-1/2 month high. Copper closed lower on long liquidation by funds after copper prices rose for 10 straight session to a 3-3/4 year high on Dec 28.