Bullion Market Report

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Market Commentary
METALS: December gold futures closed down $7.00 an ounce at $1,345.20. Prices closed nearer the session low on profittaking and position evening ahead of the FOMC statement Wednesday. The key outside markets were in a bearish posture for gold today as the U.S. dollar index was higher and crude oil prices were lower.
December silver futures closed down $0.028 an ounce at $22.51 today. Prices closed near mid-range today amid chart consolidation. The key outside markets were in a bearish posture for silver today as the U.S. dollar index was higher and crude oil prices were lower. The silver bulls and bears are on a level near-term technical playing field.
Technical levels for 30th Oct, 2013
Metal    Support ($/oz)     Resistance ($/oz)
Gold      1,337.92                        1,357.46
Silver      22.295                            22.719

Source:RSBL

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