Thursday, May 19, 2016

Gold Market Update : Epic Research Singapore

Gold futures settled lower Wednesday, then fell further after minutes from the U.S. Federal Reserve’s April meeting showed that officials from the central bank were ready to raise interest rates in June if economic data warrant.

June gold GCM6, -1.25% settled at $1,274.40 an ounce, down $2.50, or 0.2%, from Tuesday’s finish. In electronic trading after the FOMC minutes, prices fell to lows under $1,265 an ounce.

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