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Tuesday, September 23, 2014

Commodity Market Update : Epic Research Singapore

Silver prices hit four-year lows on Monday, while gold prices recovered to snap a four-session losing streak, supported by a weak stock market.

December silver SIZ4, -0.25% was off 8 cents, or 0.5%, to $17.70 an ounce. Silver at one point traded at levels not seen in four years, based on a continuous contract, according to FactSet Research.

Gold for December delivery GCZ4, +0.09%  rose $1.30 to settle at $1,217.90 an ounce. U.S. equities were pressured by softer U.S economic data, including a drop in existing home sales.

Gold had closed Friday with another loss, marking three straight weeks of declines. Signs of an improving economy and a strengthening dollar continue to weigh on prices.

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