SEPT 9 TUESDAY
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
S1 RS 19020 , S2 RS 18730
R1 RS 19350 , R2 RS 19660
STAY SHORT.
Silver for December delivery fell 2.5% to $12.06 an ounce.
Gold for December delivery fell 30 cents to end at $802.50 an
ounce on the Comex division of the New York Mercantile
Exchange. The precious metal has lost $32.70 an ounce in
the past three sessions.
The dollar rose to the highest in one year against the euro. It
also jumped to the strongest against the British pound in more
than two years. A stronger dollar tends to push down dollar-
denominated commodities prices.
In spot trading, the London gold fixing prices, used as a benchmark
for immediate gold delivery, stood at $808 an ounce Monday
afternoon, up $1.50 from Monday morning. Silver fixing stood
at $12.38 an ounce, down 34 cents from the previous session.
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