Sunday, 6 January 2013



On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were down 1.35% at USD1,652.05 a troy ounce in U.S. trading, up from a session low of USD1,626.05 and down from a high of USD1,664.45 a troy ounce.


Gold futures were likely to test support USD1,626.05 a troy ounce,and resistance at USD1,664.45.

In addition, the U.S. employment rate remained unchanged at 7.8% last month, though markets had hoped for a decline to 7.7%.

Meanwhile, the Bureau of Labor Statistics revised October's figures to 137,000 from 138,000 new jobs and hiked November's figure to 161,000 from 146,000.

Silver for March delivery was down 2.42% and trading at USD29.978 a troy ounce, while copper for March delivery was down 0.66% and trading at USD3.692 a pound.

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