old futures ended Friday�s session at the lowest level in two weeks, as traders were hesitant to push up prices amid ongoing uncertainty over whether Spain will formally request a full-scale sovereign debt bailout.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery settled at USD1,755.25 a troy ounce by close of trade on Friday, losing 0.9% on the day.
Earlier in the session prices touched a daily low of USD1,753.75 a troy ounce, the weakest level since September 26. On the week, gold futures declined 1.5%, the biggest weekly drop since the last week of June.
Gold futures were likely to find support at USD1,739.35 a troy ounce, the low from September 26 and resistance at USD1,781.55, the high from October 8.
Market players remained cautious amid ongoing uncertainty over Spain�s position on requesting external financial aid from its euro zone partners following a down****e by ratings agency Standard & Poor�s.


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