Precious metals:

Market news

31 May 2011

Precious metals:

Gold traded quietly Monday as the US and UK markets were closed because of holidays. Today gold opened at $1538.75. The metal picked up to $1540.80 before easing back to $1534.70. Support is seen at $1522.75 with resistance at $1551.30.
Silver traded a $37.80-38.41 range yesterday and has today traded a $38.04-36 range in Asia this morning. Support now seen towards 37.45 with resistance at $38.87.

Orders desk:

COMMODITIES: ICE Brent is higher by 0.37% at 115.10 in Asian trade, while Gold is broadly unchanged in overnight trade at 1,537.40.

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