Gold futures higher in Asian trade

Gold futures were higher in Asian trade on Friday. On the Comex division of the New York Mercantile Exchange, Gold futures for October delivery traded at USD1774.45 a troy ounce at time of writing rising 0.28%. It earlier traded at a session high USD1777.55 a troy ounce. Gold was likely to find support at USD1705.55 and resistance at USD1777.55. US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.25% to trade at USD79.19. Elsewhere on the Comex, Silver for December delivery rose 0.22% to trade at USD34.855 a troy ounce while Copper for December delivery rose 1.86% to trade at USD3.804 a pound.

Courtesy: ForexPros