A rally in U.S. equities and comments from Federal Chairwoman Janet Yellen helped dull gold’s appeal, pulling prices modestly lower for the session and raising the weekly loss to 0.5%.Gold prices seesawed for part of the session and found some support from a weaker U.S. dollar as concerns over China’s economy persisted and prospects for a definitive agreement this weekend between Greece and its international creditors grew.
August gold GCQ5, +0.27% shed $1.30, or 0.1%, to settle at $1,157.90 an ounce on Comex. Tracking the most-active contracts, prices lost about 0.5% for the week, for a third straight weekly loss. Month to date, they declined roughly 1.1%.
September silver SIU5, +1.49% tacked on 12 cents, or 0.8%, to $15.481 an ounce. Silver fell 0.5% for the week.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment