Friday, July 8, 2016

Gold Market Update : Epic Research Singapore

Gold futures settled lower Thursday, pulling back after a three-session climb that lifted prices to their highest level in roughly two years.

The decline came as upbeat U.S. economic data triggered some uncertainty around U.S. interest-rate expectations, ahead of the closely watched monthly employment report due Friday.

August gold GCQ6, -0.36%  shed $5, or 0.4%, to settle at $1,362.10 an ounce. Gold futures had climbed over the past three trading session and closed on Wednesday at $1,367.10 an ounce, the best finish since March 2014, according to FactSet data.

September silver SIU6, -0.52%  dropped 36.5 cents, or 1.8% at $19.838 an ounce following Wednesday’s settlement at a roughly two-year high of $20.203.

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