Gold Market Update : Epic Research Singapore

Gold futures fell Thursday on the heels of renewed strength in the U.S. dollar, giving back some of what they gained a day earlier, but prices settled above the session’s worst levels.

Data released Thursday showed a spike in first-quarter demand for gold, but recent strength in the greenback leaves the metal down 1.8% week to date.

Gold for June delivery GCM6, -0.14%  shed $4.30, or 0.3%, to settle at $1,271.20 an ounce after tapping highs above $12.80 as well as lows under $1,267. July silver SIN6, -0.57%  fell 21.6 cents, or 1.3%, to $17.103 an ounce.

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