Commodity Market Update : Epic Research Singapore

The price of gold on Thursday settled at its lowest closing since end of December, leading a broad decline in the metals group after the Federal Reserve indicated that it was not inclined to move quickly to raise interest rates.

Gold for December delivery GCZ4, +0.10%  slid $9, or 0.7%, to $1,226.90 an ounce, its lowest close since it settled at $1,205.70 on Dec. 31. December silver SIU4, -1.09%  lost 1.1% to $18.45 an ounce.]

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