Monday, April 14, 2014

Epic Research Singapore : Commodity Market Update

Gold prices rallied Monday, building on last week’s gains amid investor skittishness toward equities in the face of mounting tensions in Ukraine.

At last check, gold for June delivery GCM4 +0.64%  was up $9, or 0.7%, to $1,328.10 an ounce. May silver SIK4 +0.57%  rose 12 cents, or 0.6%, to $20.07 an ounce.

The market is going to be focused on the Ukraine, and people will want to protect themselves,” IG analyst Chris Weston told Kitco News . “I think if we can close above $1,321, then $1,350 is the next goal for the market

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