Bullion Market Report

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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

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