Gold Futures Trade Lower During Asian Session
Gold futures moved lower during Asian trading on Friday as investors remained cautious amid ongoing market uncertainty and shifting expectations surrounding global economic conditions.
On the Comex division of the New York Mercantile Exchange, gold futures for June delivery declined 0.35% to trade at $4,528.37 per troy ounce at the time of writing.
The precious metal previously touched an intraday low during the session. Analysts expect gold to find technical support near $4,455.00 per ounce, while resistance is seen around $4,593.20.
Meanwhile, the U.S. Dollar Index Futures, which measures the greenback against a basket of six major currencies, edged up 0.02% to 99.18, adding pressure to gold prices.
In other metals trading on Comex, silver futures for July delivery slipped 0.31% to $76.79 per troy ounce. Copper futures for July delivery, however, gained 0.39% to trade at $6.37 per pound, supported by improving industrial demand sentiment.