Commodity Market Update : Epic Research Singapore

Gold prices pushed above $1,300 on Thursday, propelled by continued tension in Iraq and signals from Federal Reserve Chairwoman Janet Yellen that short-term rates can be held steady for a while longer.

Gold for August delivery GCQ4 -0.07%  jumped $41.40, or 3.3%, to settle at $1,314.10 an ounce on the Comex division of the New York Mercantile Exchange. 

July silver SIN4 +0.47%   added 87 cents, or 4.4%, to end at $20.65 an ounce.

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