Gold Market Update : Epic Research Singapore

Gold futures settled at a more than three-month low on Thursday as consensus for an imminent interest-rate hike solidified on the back of comments from a Federal Reserve official who stressed the need for an early rate increase.

Dallas Federal Reserve Bank President Robert Kaplan reiterated his belief that the Fed should move quickly to raise rates as the economy is showing signs of sustained recovery while inflation is accelerating, Reuters reported.

June gold GCM6, -0.17%  fell $2.10, or 0.2%, to settle at $1,209.80 an ounce on Comex, its lowest settlement since Feb. 16.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg