Friday 9 November 2012

ForexPros: Gold futures higher in Asian trade

Gold futures were higher in Asian trade on Friday. On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at USD1735.65 a troy ounce at time of writing rising 0.56%.

It earlier traded at a session high USD1735.85 a troy ounce. Gold was likely to find support at USD1672.55 and resistance at USD1735.85.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.16% to trade at USD80.77.

Elsewhere on the Comex, Silver for December delivery rose 0.60% to trade at USD32.433 a troy ounce while Copper for December delivery rose 0.54% to trade at USD3.488 a pound. [Via]

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