Monday, April 7, 2014

Epic Research Singapore : Commodity Market Update

Gold was struggling to build off last week’s gains on Monday, dipping in the aftermath of a mostly disappointing jobs report and as earnings season looms.

At last check, gold for June delivery GCM4 -0.12%  was off $1.50 to $1,302.20 an ounce. May silver SIK4 -0.33%  shed 6 cents to $19.89 an ounce. 

On Friday, gold took advantage of weakness in equity markets to finish the week above the $1,300 mark as U.S. jobs growth in March came in a bit below expectations. The weekly win follows two straight weeks of losses amid a bull charge in stocks.

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