Thursday, March 20, 2014

Epic Research Singapore : Commodity Market Update

A day after the Federal Reserve Chairwoman Janet Yellen threw the market a three-word curve-ball, sellers were still in control, with gold, silver and copper among precious and base metals coming under pressure on Thursday.

Gold for April delivery GCJ4 -1.20%  fell $15.50 to $1,325.80 an ounce, a drop of 1.2%, in electronic trading. That comes on the heels of a 1.3% fall on Wednesday. The Federal Reserve’s decision to continue to taper its bond-buying program and also expectations about when the Fed will hike rates next.
 
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