Market Commentary
METALS: December gold futures closed down $4.70 an ounce at $1,158.20 today. Prices closed nearer the session low on a late sell-off. 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. First resistance is at 1170. Second resistance is at 1185. First support is at 1154. Second support is at 1140.
December silver futures closed down $0.053 at $15.625 today. Prices closed near mid-range. 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. First resistance is at 15.80 second resistance is at 16.00. First support is at 15.45. Second support is at 15.35.
Source:RSBL