Wednesday, July 29, 2015

Gold Market Update : Epic Research Singapore

Gold futures finished with a slight loss on Tuesday as investors awaited the conclusion of the U.S. Federal Reserve’s two-day monetary policy meeting for any clues as to when the central bank will lift interest rates.

The gold market also saw some pressure following a report that showed second-quarter demand hit its lowest level in six years.

August gold GCQ5, +0.07%  fell 20 cents to settle at $1,096.20 an ounce on Comex after closing Monday with a 1% gain.

September silver SIU5, +0.19% meanwhile, settled up 3.7 cents, or 0.3%, at $14.642 an ounce, after posting a gain a day earlier.

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