Saturday, June 13, 2015

Gold Market Update : Epic Research Singapore

Gold futures fell modestly on Friday, but scored their first weekly gain in about a month as investors looked to U.S. economic data for clues on the timing of the Federal Reserve’s interest-rate hike, ahead of the central bank’s meeting next week.

Gold for August delivery on Comex GCQ5, +0.03%  fell $1.20, or 0.1%, to settle at $1,179.20 an ounce, with prices up about 1% for the week following declines over the past three weeks.

July silver SIN5, -0.22%  lost 13.5 cents, or 0.9%, to $15.825 an ounce — 1% lower for the week.

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