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Gold futures lower in European trade

Published 07/20/2012, 06:30 AM
Investing.com - Gold futures were lower in European trade on Friday.

On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at USD1580.75 a troy ounce at time of writing falling 0.02%.

It earlier traded at a session low USD1578.95 a troy ounce. Gold was likely to find support at USD1567.35 and resistance at USD1598.75.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.27% to trade at USD83.20.

Elsewhere on the Comex, Silver for September delivery fell 0.69% to trade at USD27.030 a troy ounce while Copper for September delivery fell 1.51% to trade at USD3.481 a pound.

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