Gold Market Update : Epic Research Singapore

Gold futures snapped a three-session losing streak to settle higher Monday, finding haven-related buying interest on the back of expectations that one of the commodities biggest sources of demand—China—may take more aggressive action following a recent plunge in its stock market.

Gold investors also kept an eye on Greece’s deepening crisis and mulled the likelihood of a Federal Reserve interest-rate hike in the coming months.

Gold for August delivery on Comex GCQ5, -0.45%  rose $9.70, or 0.8%, to settle at $1,173.20 an ounce, with the bulk of the gains happening in the last 40 minutes of trading. September silver SIU5, -0.56%  added 19.1 cents, or 1.2%, to $15.753 an ounce.

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