Epic Research Singapore : Commodity Market Update

Gold settles with a gain after two session decline

Gold prices settled with a slight gain on Monday, finding some support from weakness in the U.S. dollar but failing to reclaim the $1,300 level as investors looked ahead to speeches from Federal Reserve officials and minutes from the central bank this week.

Gold for June delivery GCM4 +0.02%  edged up by 40 cents to settle at $1,293.80 an ounce on the Comex division of the New York Mercantile Exchange, after tapping a high of $1,305.70 in electronic trading.

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