Gold futures lower in Asian trade

Gold futures were lower in Asian trade on Friday. On the Comex division of the New York Mercantile Exchange, Gold futures for October delivery traded at USD1692.45 a troy ounce at time of writing falling 0.63%. It earlier traded at a session low USD1688.85 a troy ounce. Gold was likely to find support at USD1685.35 and resistance at USD1713.35. US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.02% to trade at USD81.10. Elsewhere on the Comex, Silver for December delivery fell 1.40% to trade at USD32.218 a troy ounce while Copper for December delivery rose 0.53% to trade at USD3.528 a pound.

Courtesy: ForexPros