Gold Market Update : Epic Research Singapore

Gold futures settled at their highest level in about two weeks on Monday, buoyed by weakness in the U.S. dollar as talks between Greece and its international creditors dragged on and investors awaited the outcome of this week’s Federal Reserve meeting.

Gold for June delivery on Comex GCM5, -0.20%  jumped $28.20, or 2.4%, to settle at $1,203.20 an ounce. Prices, which ended Friday at their lowest level in five weeks, haven’t settled at a level this high since April 10, based on the most-active contracts.

May silver SIK5, -0.45%  rallied 75.8 cents, or 4.9%, to end at $16.394 an ounce. July silver SIN5, -0.42% which is also among the most-active contracts, added 75.9 cents, or 4.8%, to $16.439 an ounce.

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