Commodity Market Update : Epic Research Singapore

Gold futures settled only slightly higher for the session but scored a gain of nearly 2% for the week as a rally a day earlier on growing turmoil in Iraq helped lift prices to their highest settlement in three weeks.

Gold for August delivery GCQ4 +0.16%  rose 10 cents to settle at $1,274.10 an ounce on the Comex division of the New York Mercantile Exchange, trading in a tight range between a high of $1,277.60 and a low of $1,270.90. For the week, prices climbed 1.7%, based on the most-active contracts. They settled at their highest level since May 23. 

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