Wednesday, July 16, 2014

Commodity Market Update : Epic Research Singapore

Gold prices reversed earlier gains to close lower for a third session on Tuesday in the wake of dovish comments from Federal Reserve Chairwoman Janet Yellen.

Gold for August delivery GCQ4 0.00%   slid $9.60 to $1,297.10 an ounce. On Monday, prices took their hardest hit of the year, dropping 2.3% amid an investor rush into equities.

September silver SIU4 -0.52%   also slipped, edging down 3 cents to $20.89 an ounce.

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