Gold Market Update : Epic Research Singapore

Gold futures settled higher on Monday to score their largest monthly gain in about four years, as continued skittishness around stocks fostered demand for an asset viewed as a haven.

Some traders also pointed to demand from Chinese buyers as a factor supporting an upswing in the yellow metal’s price on Monday.

April gold GCJ6, +1.13%  added $14, or 1.2%, to settle at $1,234.40 an ounce, after settling sharply lower Friday and erasing what would have been a modest weekly gain.

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