Gold Market Update : Epic Research Singapore

Gold futures held their ground above $1,150 an ounce on Friday, finding some support as economic data cooled expectations for a Federal Reserve interest-rate increase as early as June, but prices lost 1% for the week, pressured by gains in the U.S. dollar.

Gold wavered between small losses and gains. April gold GCJ5, +0.56% climbed 50 cents to settle at $1,152.40 an ounce on Comex. For the week, it logged a loss of about 1%.

May silver SIK5, +0.80%  fell 2.2 cents, or 0.1%, to $15.494 an ounce — nearly 2% lower for the week.

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