Thursday, June 18, 2015

Gold Market Update : Epic Research Singapore

Gold futures settled lower Wednesday, then climbed above the settlement price in electronic trading after the Federal Reserve moved closer to its first interest-rate increase in almost decade, but also indicated that the pace of the increases may be slower.

Gold for August delivery GCQ5, +0.84%  fell $4.10, or 0.4%, to settle at $1,176.80 an ounce on Comex, ahead of the Fed news. In electronic trading shortly after the Fed decision, prices rose to $1,181.80.

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