Tuesday, May 10, 2016

Gold Market Update : Epic Research Singapore

Gold futures settled lower Monday, erasing all of the jobs data-fueled gains seen late last week, as the dollar found renewed strength.

Gold for June delivery GCM6, -0.08%  fell $27.40, or 2.1%, to settle at $1,266.60 an ounce. On Friday, gold gained $21.70, or 1.7%, to finish at $1.294 an ounce. It has had trouble extending much north of the closely watched $1,300-an-ounce line despite a few pokes at that important chart point.

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