Technical
- Levels
|
R2
|
R1
|
S1
|
S2
|
| Gold |
1148
|
1130
|
1109
|
1097
|
| SILVER |
14.96
|
14.75
|
14.44
|
14.23
|
| CRUDE OIL |
47.12
|
45.93
|
43.82
|
42.11
|
| COPPER |
2.436
|
2.410
|
2.372
|
2.308
|
| NATURAL GAS |
2.712
|
2.693
|
2.635
|
2.612
|
| PLATINUM |
1035
|
1002
|
977
|
967
|
| PALLADIUM |
1014
|
591
|
568
|
558
|
Gold futures traded modestly higher Tuesday as investors looked ahead to the Federal Reserves’s policy meeting next week, which could determine the direction of the dollar and dollar-denominated commodities like gold.
Gold for December delivery was marginally higher, gaining $1, or about 0.1%, at $1,122.10 an ounce, after swinging between small gains and losses in early Tuesday action.
The precious metal has been down nine of that past 11 sessions and hasn’t drawn much of a bid in recent weeks on the expectation that the Fed may raise interest rates for the first time since 2006. Interest-bearing assets like Treasurys have diminished the appeal of gold, which doesn’t bear any interest, while anticipation of a near-term rate increase has dulled expectations for gold.
SIGN UP FOR DAILY-FREE FOREX SIGNALS
