Wednesday, February 17, 2016

Gold Market Update : Epic Research Singapore

Gold prices tumbled on Tuesday as U.S. stocks drew bidders and after a prominent Wall Street firm offered a bearish outlook on the yellow metal.

April gold GCJ6, -0.37%  dropped $31.20, or 2.5%, to finish at $1,208.20 an ounce. Based on most-active contracts, gold’s fall was the largest on a point basis since March 6, 2015, according to Dow Jones data. In percentage terms, it was the worst decline in about three months.

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