Market Wrap:
- Gold declined in New York
- Silver futures for July delivery dropped 0.9 percent
- Crude traded at the highest price in more than nine months
- Copper rose for a second day in London
Gold declined in New York
before the Federal Reserve starts a two-day meeting as investors weighed when
the central bank will taper asset purchases. Silver futures for July delivery
dropped 0.9 percent to $21.758 an ounce in New York. Crude traded at the
highest price in more than nine months because of renewed speculation that
unrest in Syria will spread to other parts of the Middle East and disrupt
supplies.
GOLD
(APR)
Trend •
Consolidate
Strategy • Buy on dips
Resistance • R2
- 28480 ; R1 - 28150
support • S1 – 27750 ; S2 – 27480
support • S1 – 27750 ; S2 – 27480
SILVER
(MAY)
Trend • Consolidate
Strategy
• Buy on dips
Resistance • R2 - 45750; R1 - 44870
support • S1 - 42450; S2 – 41200
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