Saturday, September 19, 2015

Gold Market Update : Epic Research Singapore

Gold futures on Friday logged their second-highest close for the month of September, as prices rallied on the back of the Federal Reserve’s decision to keep interest rates at historically low levels.

Gold for December delivery GCZ5, +1.98% jumped $20.80, or 1.9%, to settle at $1,137.80 an ounce on Comex. That was the highest settlement since Sept. 1. December silver SIZ5, +1.11%  also gained 17.9 cents, or 1.2%, to $15.163 an ounce.

For the week, gold saw a 3.1% gain, while silver was up about 4.5%.

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