#News#Gold
🟡 Safe haven gold paragraph GOLD -OPFX
Gold prices decline globally ...
In recent news, gold futures witnessed a decline during the European session on Friday. According to the Comex classification of the New York Mercantile Exchange, gold futures for December delivery were trading at $2,697.10 per ounce at the time of writing, recording a decrease of 0.32%. Copper was trading in a session down to $2,687.50 per ounce. Contracts are expected to find critical support points at $2,650.30, while resistance is located at $2,759.50.
As for the dollar index contracts, which measure the performance of the US dollar against six other major currencies, they recorded a 0.06% increase to trade at $104.43. Meanwhile, on the Comex platform, silver prices for December delivery fell by about 0.97% to reach $31.55 per ounce, while copper prices for December recorded a larger decline of 2.50%, to trade at $4.32 per pound.
Changes in metal prices and the relationship between gold and the US dollar are an indicator of market trends and the effects of the global economy, which requires investors to follow these movements to make informed investment decisions.
