Commodity Market Update : Epic Research Singapore

Gold futures settled lower on Monday for a sixth straight session, with analysts calling for further declines in the wake of the recent “death cross” in the moving-average prices for the yellow metal, as traders digested the latest batch of global economic data.

Gold for August delivery GCQ4 +0.09%  fell $2, or 0.2%, to settle at $1,244 an ounce on the Comex division of the New York Mercantile Exchange.

July silver SIN4 +0.49%   rose nearly 6 cents, or 0.3%, to $18.74 an ounce, though that was below an earlier high near $18.90.

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