Market Outlook
• Gold futures fell to the lowest since January
• Silver futures for delivery in December dropped 2.9 percent
• Crude slid the most in 22 months Futures slumped 3.6 percent
Gold futures fell to the lowest since January as the outlook for higher U.S. interest rates and a stronger dollar cut demand for precious metals as hedges against inflation. Silver dropped to a four-year low.
Live Gold, Silver Technical View:
GOLD (DEC)
Trend: Consolidate | Strategy: Sell on High
R1- 27150, R2- 27480| S1- 26750, S2- 26280
SILVER (DEC)
Trend: Consolidate | Strategy: Sell on high
R1- 39350,R2- 40500| S1-37350, S2- 36180
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