Friday, May 20, 2016

Gold Market Update : Epic Research Singapore

Gold futures dropped on Thursday to settle at their lowest level in about three weeks as signs the Federal Reserve could raise interest rates in June dampened demand for the yellow metal.

June gold GCM6, +0.14% fell $19.60, or 1.5%, to settle at $1,254.80 an ounce. Prices haven’t settled at a level this low since April 27. July silver SIN6, +0.35% dropped 63.9 cents, or 3.7%, to $16.493 an ounce—ending the session at its lowest since April 18.

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