Epic Research Singapore : Comex Market Update

Gold and the dollar tend to trade inversely with one another.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,267.00 during U.S. afternoon hours, down 2.31%.Gold prices hit a session low of USD1,262.60 a troy ounce and high of USD1,294.50 a troy ounce.Gold futures were likely to find support at USD1,262.60 a troy ounce, the earlier low, and resistance at USD1,330.10, Tuesday's high.The December contract settled down 0.79% at USD1,296.90 a troy ounce on Thursday.
 
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