Tuesday, February 23, 2016

Gold Market Update : Epic Research Singapore

Gold futures settled sharply lower on Monday, as analysts blamed the first price decline in four sessions on investors showing a hankering for stocks and other riskier assets.

Gold futures for April delivery GCJ6, +0.56%  slumped $20.70, or 1.7%, to settle at $1,210.10 an ounce, while March silver SIH6, +0.47%  shed 18.9 cents, or 1.2%, to $15.184 an ounce. Both precious metals appeared to retreat after enjoying recent haven bids during earlier worries about the global economy.


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