Market Outlook
• Gold and silver tumbled toward the lowest levels since 2010
• Crude held losses after the biggest monthly decline since May 2012
Gold and silver tumbled toward the lowest levels since 2010 after the Bank of Japan boosted stimulus and the Federal Reserve ended asset purchases, highlighting divergent central-bank policies and hurting bullion demand as the dollar climbed. Silver for immediate delivery fell 1.3 percent to $15.9535 an ounce, after dropping on Oct. 31 to $15.7908, the lowest since February 2010. Prices in October posted a fourth monthly decline that’s the worst run since June 2013.
Live Gold, Silver Technical View:
GOLD (DEC)
Trend: Consolidate | Strategy: Sell on High
R1- 26350, R2- 26680| S1- 25850, S2- 25580
SILVER (DEC)
Trend: Consolidate | Strategy: Sell on high
R1- 36550,R2- 37300| S1-34850, S2- 33880
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