Saturday, June 6, 2015

Gold Market Update : Epic Research Singapore

Gold futures ended lower on Friday, at their lowest level in nearly three months and down a third week in a row, after a stronger-than-expected jump in May nonfarm payrolls.

Gold for August delivery on Comex GCQ5, -0.29%  fell $7.10, or 0.6%, to settle at $1,168.10 an ounce. Prices settled at the lowest for a most-active contract since March 18. For the week, prices were down about 1.8%.

July silver SIN5, -0.05%  also lost 11.9 cents, or 0.7%, to $15.984 an ounce. Prices lost about 4.3% for the week.

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