Tuesday, May 13, 2014

Epic Research Singapore : Commodity Market Update

Gold futures on Monday settled higher for the first time in five sessions, finding support from turmoil in Ukraine and expectations that India may soon ease restrictions on gold imports.  

Gold for June delivery GCM4 -0.26%  rose $8.20, or 0.6%, to settle at $1,295.80 an ounce on the Comex division of the New York Mercantile Exchange after tapping a high of $1,304.50 in electronic trading. Prices had tallied a loss of about 1.7% in the last four trading sessions.

July silver SIN4 -0.63%  rose 42 cents, or 2.2%, to end at $19.54 an ounce, its highest in nearly a week.

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