Monday, February 17, 2014

Epic Research Singapore : Comex Market Update

Gold futures closed higher on Friday, extending their gains to an eight straight session and ending the week with a gain of 4.4% as recent soft U.S. economic data, including a fall in industrial production, buoyed demand for the metal. April gold GCJ4 +1.98% rose $18.50, or 1.4%, for the session to settle at $1,318.60 an ounce on Comex -- the highest settlement since Oct. 31, according to FactSet data tracking the most-active contracts. March silver SIH4 +6.77% rallied $1.03, or 5%, to end at $21.42 an ounce, with prices up 7.5% for the week to settle at their highest since early November.

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