Thursday, October 8, 2015

Gold Market Update : Epic Research Singapore

Gold futures managed to score a gain Wednesday, extending a winning streak to a fourth-consecutive session, but prices held ground below the elusive $1,150 an ounce that analysts refer to as a technical “resistance” level.

Gold futures for December delivery GCZ5, -0.45% rose $2.30, or 0.2%, to settle at $1,148.70 an ounce on Comex after earlier tapping highs above $1,150. That was the highest finish since Sept. 24, when prices settled at $1,153.80.

December silver SIZ5, -2.51% meanwhile, added 11 cents, or 0.7%, to end at $16.094 an ounce, and has picked up more than 5%, so far this week.

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