2010-09-03

Gold and silver were pushed lower during afternoon trade yesterday


















Gold and silver were pushed lower during afternoon trade yesterday, as increased risk appetite emerged. This morning has seen renewed interest across the precious metals complex however, with a weaker dollar helping lend support to prices.

Meanwhile, unease ahead of to night non-farm payrolls data is picking up, which could also prompt some additional safe haven buying. Gold support is at $1,240 and $1,235. Resistance is at $1,255 and $1,265. Silver support is at $19.25 and $19.15, resistance
is at $19.50 and $19.65.

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