Gold Market Update : Epic Research Singapore

Gold futures marked a third straight loss Wednesday as strength in oil prices and modest gains in U.S. stocks dulled the metal’s investment appeal.

The metal’s retrenchment comes a day ahead of what’s expected to be additional monetary stimulus courtesy of the European Central Bank.

Gold for April delivery GCJ6, -0.45%  shed $5.50, or 0.4%, to settle at $1,257.40 an ounce. It lost roughly 0.6% over the past two trading sessions. May silver SIK6, -0.49%  fell 2.4 cents, or 0.2%, to $15.366 an ounce.

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