Friday, 12 October 2012

MTECHTIPS

MTECHTIPS:-Gold futures higher in Asian trade
Gold futures were higher in Asian trade on Friday.On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at USD1771.15 a troy ounce at time of writing rising 0.03%.It earlier traded at a session high USD1772.45 a troy ounce. Gold was likely to find support at USD1758.85 and resistance at USD1781.55.US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.04% to trade at USD79.84.Elsewhere on the Comex, Silver for December delivery rose 0.03% to trade at USD34.093 a troy ounce while Copper for December delivery fell 0.11% to trade at USD3.741 a pound.

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