Bullion Market Report

Reading Time: < 1 minute

Market Commentary
METALS: August gold futures closed down $10.30 an ounce at $1,320.60 today. Prices closed near mid-range on some profit taking from recent gains. Prices earlier this week hit a 3.5-month high. Gold market bulls still have the overall near-term technical advantage. Prices are in a four-week-old uptrend on the daily bar chart, but now just barely.
December silver futures closed down $0.165 an ounce at $21.199 today. Prices closed nearer the session high today and saw profit taking after prices hit a 3.5-month high on Wednesday. The bulls have the overall near-term technical advantage. Prices are in a four-week-old uptrend on the daily bar chart.
Source:RSBL

Share on

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu