Friday, July 17, 2015

Gold Market Update : Epic Research Singapore

Gold futures on Thursday settled at their lowest level in about eight months and stand at what one analyst called a “technical tipping point,” as upbeat U.S. economic data and comments from the Federal Reserve continue to point to an interest-rate hike this year.

Gold for August delivery GCQ5, -0.06%  shed $3.50, or 0.3%, to settle at $1,143.90 an ounce on Comex, tallying a sixth straight session loss. Based on the most-active contracts, that was the lowest settlement since Nov. 6. September silver SIU5, -0.09%  lost 6.4 cents, or 0.4%, to $14.984 an ounce.

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