Market Commentary
METALS: December gold futures closed down $9.90 an ounce at $1,297.30. Prices closed nearer the session low
on follow-through technical pressure from Wednesday’s losses and on a firmer U.S. dollar index. The gold market
bears have the overall near-term technical advantage. A six-week- old downtrend is in place on the daily bar
chart.
December silver futures closed up $0.004 an ounce at $21.895 today. Prices closed nearer the session low. Silver
bears have the overall near-term technical advantage.
Technical levels for 11th Oct, 2013
Metal Support ($/oz) Resistance ($/oz)
Gold 1,281.10 1,313.71
Silver 21.499 22.192
Source:RSBL