Gold Market Update : Epic Research Singapore

Gold futures settled sharply lower Friday, with strength in the U.S. dollar and recent gains in oil prices prompting prices to more than erase what would have been a gain for the week.

April gold GCJ6, -1.29% dropped $18.40, or 1.5%, to settle at $1,220.40 an ounce—for a weekly loss of roughly 0.8%. But for the month, it’s on track for a gain of about 9.3%, which would be its strongest since January 2012, according to FactSet data.

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