Gold futures slip, but find support above $1,700
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Posted On: 11/02/2012 4:58:14 AM
Gold futures slip, but find support above $1,700
HONG KONG (MarketWatch) — Gold futures stayed under selling pressure in electronic trading Friday as the U.S. dollar strengthened, but they managed to find support above the $1,700-an-ounce level.
The yellow metal’s December futures (CNS:GCZ2) slipped $8.20, or 0.5%, to $1,707.30 an ounce during Asian business hours, after sliding $3.60 an ounce on the Comex division of the New York Mercantile Exchange overnight.
“Gold prices at current levels may elicit demand for gold coins by retail investors given recent declines,”
http://www.marketwatch.com/story/gold-futures...2012-11-02
HONG KONG (MarketWatch) — Gold futures stayed under selling pressure in electronic trading Friday as the U.S. dollar strengthened, but they managed to find support above the $1,700-an-ounce level.
The yellow metal’s December futures (CNS:GCZ2) slipped $8.20, or 0.5%, to $1,707.30 an ounce during Asian business hours, after sliding $3.60 an ounce on the Comex division of the New York Mercantile Exchange overnight.
“Gold prices at current levels may elicit demand for gold coins by retail investors given recent declines,”
http://www.marketwatch.com/story/gold-futures...2012-11-02
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