Gold Market Update : Epic Research Singapore

Gold and silver futures rallied Friday, posting the highest settlements since January 2015, as a slump in the greenback to its lowest level in about 11 months lured investors into dollar-denominated commodities.

June gold GCM6, +2.25%  jumped $24.10, or 1.9%, to settle at $1,290.50 an ounce, marking a fifth straight day of gains. The settlement was the best since late Jan. 2015.

Prices ended roughly 4.4% higher for the month, based on the most-active contracts, and were up over 5% on the week.

July silver SIN6, +1.72%  climbed 23.1 cents, or 1.3%, to end at $17.819 an ounce, also marking the highest futures settlement in about 15 months. For the month, prices finished 15.2% higher, based on the most-active contracts, according to FactSet.

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