Monday, June 16, 2014

Commodity Market Update : Epic Research Singapore

Gold prices rallied Thursday to log their highest settlement in nearly three weeks as growing unrest in Iraq and weakness in U.S. equities drove demand.

Gold for August delivery GCQ4 +0.60%  rose $12.80, or 1%, to settle at $1,274 an ounce on the Comex division of the New York Mercantile Exchange.

July silver SIN4 +0.69%   on Thursday, rose 36 cents, or 1.9%, to end at $19.53 an ounce, the highest close for a most-active contract since mid-May.

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