Gold Market Update : Epic Research Singapore

Gold futures rallied on Friday to finish at their highest level in nearly two years as investors rushed to buy the metal in the wake of the U.K.’s decision to exit from the European Union.

Gold tends to rally in times of economic, market or political uncertainty because precious metals are considered a haven asset. As might be expected, riskier assets, including U.S. stocks, tumbled.

“Global growth is unstable right now and the U.K. leaving the EU only adds to the instability,” Frank Holmes, chief executive officer and chief investment officer of U.S. Global Investors, told MarketWatch. “With that, we see that gold is sound money.”

August gold GCQ6, +4.43%  jumped $59.30, or 4.7%, to settle at $1,322.40 an ounce with prices marking the largest single-session dollar and percentage climb since September 2013. The settlement was highest since July 11, 2014, according to FactSet data.

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Gold Market Update : Epic Research Singapore

Gold futures settled with their fifth-straight session loss Thursday, holding ground at two-week lows, as major global stock markets gained ahead of a historic decision on the U.K.’s membership in the European Union.

Gold for August delivery GCQ6, +3.31%  declined $6.90, or 0.5%, to $1,263.10 an ounce. Over the past five days, gold has declined 2.7%. The SPDR Gold Trust ETF GLD, -0.65%  was down 0.4% on Thursday.

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Gold Market Update : Epic Research Singapore

Gold futures fell for a fourth straight session Wednesday to settle at their lowest level in two weeks ahead of a highly anticipated referendum on the U.K.’s membership in the European Union.

Gold for August delivery GCQ6, -0.20% declined by $2.50, or 0.2%, to finish at $1,270 an ounce, with prices logging their lowest settlement since June 8. The SPDR Gold Trust ETF GLD, +0.05% was nearly flat as of gold’s settlement Wednesday.

Meanwhile, July silver SIN6, -0.24% shed less than penny to end at $17.312 an ounce, however the iShares Silver Trust SLV, +0.24%  climbed 0.1%.

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Gold Market Update : Epic Research Singapore

Gold futures finished at their lowest level in almost two weeks on Tuesday, suffering a third-straight session decline as some investors bet that the U.K. will vote to remain in the European Union.

A U.K. referendum on whether Britain will exit the EU—known as Brexit—will be held Thursday, and while polls have been mixed, some have leaned toward the U.K. remaining a member of Europe’s trade bloc, which has dulled haven demand for the precious metal.

Gold for August delivery GCQ6, -0.06% shed $19.60, or 1.5%, to settle at $1,272.50 an ounce—the lowest settlement since June 8. The SPDR Gold Trust ETF GLD, -1.92%  was down 1.6%.

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Gold Market Update : Epic Research Singapore

Gold futures settled lower for a second-straight session on Monday as growing expectations that the United Kingdom will remain part of the European Union lifted investors’ appetite for riskier assets and prompted a rally in global stock markets.

Gold for August delivery GCQ6, -0.24% shed $2.70, or 0.2%, to settle at $1,292.10 an ounce, extending Friday’s 0.3% loss. Still, last week marked a third straight week of gains for the metal.

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Gold Market Update : Epic Research Singapore

Gold futures finished narrowly lower on Friday, ending a 7-session win streak, as fears of Britain’s potential exit fro the European Union receded and the U.S. dollar weakened.

The murder of British politician Jo Cox prompted suspension of campaigning on both the “leave” and “remain” sides for next week’s U.K. referendum on whether the nation will remain in the European Union.

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Gold Market Update : Epic Research Singapore

Gold futures rose for a seventh straight session Thursday, but settled back below the closely watched $1,300 mark, finding support as the Federal Reserve stirred already percolating global growth concerns and developments surrounding the U.K. referendum fueled further economic uncertainty.

But gold prices significantly pared their gains Thursday following news that British lawmaker Jo Cox died following a shooting attack, prompting both sides in the referendum debate to suspend campaigning for the day.

August gold GCQ6, -1.19%  rose $10.10, or 0.8%, to settle at $1,298.40 an ounce, trading well below the intraday high of $1,318.90.

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Gold Market Update : Epic Research Singapore

Gold futures extended their streak of gains to a sixth straight session Wednesday, and prices continued to climb in electronic trading after the U.S. Federal Reserve stood pat on interest rates.

August gold GCQ6, +1.16% rose 20 cents to settle at $1,288.30 an ounce before the Fed decision. It moved up to $1,293.10 in electronic trading shortly after the news. Prices trade about 6% higher month to date.

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Gold Market Update : Epic Research Singapore

Gold futures finished higher on Tuesday as investors sought the relative safety of haven assets ahead of next week’s “Brexit” referendum and a tandem of closely watched central-bank meetings.

Gold futures had struggled to find direction during the session, weaving between losses and gains, as the U.S. dollar strengthened before Wednesday’s decision on interest rates from the U.S. Federal Reserve.

Gold for August delivery GCQ6, -0.05%  tacked on $1.20, or 0.1%, to settle at $1,288.10 an ounce. Prices have now tallied five daily gains in a row, settling Tuesday at their highest since May 6. July silver SIN6, +0.06%  finished at $17.424 an ounce, easing back 1.9 cents, or 0.1%.

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Gold Market Update : Epic Research Singapore

Gold futures on Monday settled at their highest level in about five weeks as investors sought safety in the precious metal, prompted by nervousness around the Brexit referendum, set for later this month, and a pair of high-profile central bank meetings later this week.

Gold for August delivery GCQ6, -0.16%  rose $11, or 0.9%, to settle at $1,286.90 an ounce, on the heels of booking its second-weekly gain in a row last week. The settlement was the highest since May 6, according to FactSet data. July silver SIN6, -0.50%  finished at $17.443 an ounce, up 11.3 cents, or 0.7%.

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Gold Market Update : Epic Research Singapore

Gold futures on Wednesday finished at their best level in three weeks as the U.S. dollar weakened and fears of an interest-rate rise, which might diminish the appeal of the metal, faded.

August gold GCQ6, -0.25% gained $15.30, or 1.2%, to $1,262.30 an ounce, after seeing relatively tepid trade Tuesday as investors readjusted their expectations for rate increases in the wake of last Friday’s disappointing May labor-market report. The metal scored its highest close Wednesday since May 18, according to FactSet data.

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Gold Market Update : Epic Research Singapore

Gold futures on Wednesday finished at their best level in three weeks as the U.S. dollar weakened and fears of an interest-rate rise, which might diminish the appeal of the metal, faded.

August gold GCQ6, +0.18% gained $15.30, or 1.2%, to $1,262.30 an ounce, after seeing relatively tepid trade Tuesday as investors readjusted their expectations for rate increases in the wake of last Friday’s disappointing May labor-market report. The metal scored its highest close Wednesday since May 18, according to FactSet data.

Against this backdrop, July silver SIN6, +1.12%  also rocketed higher, picking up 60 cents, or 3.7%, to finish at $16.99 an ounce, with commodity specialist Peter Krauth predicting that the metal might hit $20 an ounce by the end of the year.

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Gold Market Update : Epic Research Singapore

Gold futures pulled back Tuesday from Monday’s two-week high to settle narrowly lower on the heels of a shift in expectations for a U.S. interest-rate increase.

The U.S. dollar has maintained a tight trading range after Fed Chairwoman Janet Yellen in a Monday speech revived expectations that the central bank wants to eventually unwind easy-money policies despite a weak May jobs report which showed that only 38,000 were created in the month.

Against a backdrop of uncertainty, August gold GCQ6, +0.27%  lost 40 cents to settle at $1,247 an ounce. Gold futures settled at $1,247.40 Monday, the highest finish since May 23.

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Gold Market Update : Epic Research Singapore

Gold futures posted their highest close in two weeks on Monday, buoyed by expectations that weak jobs data lessen the likelihood of a June U.S. interest-rate increase.

But futures prices pulled back from the session’s best levels ahead of the close as Federal Reserve Chairwoman Janet Yellen, didn’t explicitly rule out the possibility of a rate increase at the central bank’s meeting later this month.

August gold GCQ6, -0.06%  climbed by $4.50, or 0.4%, to settle at $1,247.40 an ounce after trading as high as $1,251.30. The settlement was the highest since May 23.

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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.

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Gold Market Update : Epic Research Singapore

Gold futures on Wednesday marked their worst settlement since late February as some upbeat U.S. economic data further fueled expectations that the U.S. Federal Reserve will raise interest rates at its meeting later this month.

June gold GCM6, -0.07% lost $2.90, or 0.2%, to settle at $1,211.90 an ounce on Comex. Prices haven’t settled at a level this low since Feb. 22, according to FactSet. They posted a loss of 5.9% for the month of May.

Gold traders have been waiting for “more valuable information regarding the direction of the Fed and a potential rate hike this month,” said Adam Koos, president of Libertas Wealth Management Group.

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Gold Market Update : Epic Research Singapore

Gold futures on Tuesday settled almost 6% lower for the month, marking their first monthly loss this year, as expectations for higher U.S. interest rates continue to dent the precious metal.

Prices, however, finished the day with a narrow gain—their first in nine sessions.

June gold GCM6, +0.22% tacked on $1, or less than 0.1%, for the session, to settle at $1,214.80 an ounce. Prices, based on the most-active contract, have lost 5.9%, or nearly $76 an ounce, from the $1,290.50 settlement at the end of April.

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Gold Market Update : Epic Research Singapore

Gold prices fell Monday, moving in the opposite direction of the U.S. dollar, which soared after comments by Federal Reserve Chairwoman Janet Yellen last week indicated an interest-rate hike could come this summer.

On Monday, gold prices GCN6, -0.04%  dropped $5.50, or 0.5%, to $1,208.80 an ounce. Gold recovered from earlier, sharper losses when it briefly tapped $1,199 an ounce. That was after closing down $6.60 lower to $1,213.80 an ounce on Friday — Yellen’s comments came just ahead of the gold settlement. Prices lost 3% for the week to finish at a three-month low.

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Gold Market Update : Epic Research Singapore

Gold futures on Friday logged an eighth-straight daily drop, losing about 3% for the week to settle at a three-month low, as continued strength in the U.S. dollar helped push prices for the metal toward lows last seen in late February.

Prices continued to fall as U.S. Federal Reserve Chairwoman Janet Yellen, during an interview that began shortly before the gold futures settlement, said an interest-rate increase could be appropriate in the coming months.

June gold GCM6, -0.66%  fell $6.60, or 0.5%, to settle at $1,213.80 an ounce. The settlement was the lowest since Feb. 22, according to FactSet data based on the most-active contracts.

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Gold Market Update : Epic Research Singapore

Gold futures extended their slide on Thursday to a seventh straight session, as overall strength in the U.S. dollar this month and the prospect of higher U.S. interest rates help push prices to their lowest level since early April.

June gold GCM6, -0.38% fell $3.40, or 0.3%, to settle at $1,220.40 an ounce—marking the lowest session finish since April 4. Month to date, prices have lost roughly 5.5%.

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