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Futures contracts for gold return to rise 29-10-2020

News Date: 29/10/2020 05:03:30
 

US stock indices closed lower at the end of trading yesterday , as the Dow Jones index fell by 3.43%, thus hitting its lowest level in a month,  the Standard JPD 500 index fell by 3.53%, while the Nasdaq index fell by about Thus, losses were recorded in several major sectors : the technology sector, oil, natural gas and basic materials.

 

As for the Japanese stock indices, the Nikkei index fell by 1.06% to record 23170.76 points, while the broader Topix index fell by 1.09% to record 1595.01 points.

 

Oil futures contracts for December delivery during the Asian session fell by 0.29% on Thursday, as crude oil futures were traded at a price of $ 37.28 a barrel. It previously traded in a lower session at $ 37.22 a barrel. Oil is expected to find support points, down at $ 36.98, and resistance points at $ 40.92.

 

Silver futures for December delivery rose 0.6 percent, to be traded at $ 23.5 an ounce. Also, gold futures contracts rose by 0.15%, to be traded at a price of $ 1882.00 an ounce. The contracts were previously traded on a low session at a price of $ 1882.15 an ounce. Gold is expected to find support points, down at $ 1869.1, resistance points at $ 1917.3.

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