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11 Feb 2013

Gold slightly higher in light holiday trade in Asia

Monday, February 11, 2013  , ,  1 comment

MCX GOLD TIPS
Gold futures edged higher during Monday’s Asian session amid light holiday trade. Markets in Hong Kong and China are closed for Lunar New Year festivities. 

On the Comex division of the New York Mercantile Exchange, gold futures for March delivery added 0.04% to USD1,667.65 per troy ounce in Asian trading Monday. The contract traded as high as USD1,669.75 and as low as USD1,666.90 per ounce. 

Gold prices were likely to find support at USD1,653.35 a troy ounce, the low from January 28 and near-term resistance at USD1,685.65, February 5’s high. Last week, gold futures fell modestly, losing 0.1%. 

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