Friday, June 12, 2015

Gold Market Update : Epic Research Singapore

Gold futures settled lower Thursday, putting an end to a winning streak that spanned three sessions after another rise in U.S. retail sales helped lift the dollar and reinforced expectations the Federal Reserve will deliver its first interest-rate hike in nearly a decade later this year.

Gold for August delivery GCQ5, +0.14%  on Comex fell $6.20, or 0.5%, to settle at $1,180.40 an ounce. Prices had tapped intraday lows under $1,175.

July silver SIN5, -0.03%  settled at $15.96 an ounce, barely moving for a third session in a row. 

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