Gold Market Update : Epic Research Singapore

Gold futures settled near a two-week low on Tuesday, as strength in global equities helped to dull the metal’s investment appeal and as uncertainty surrounded the outlook for the U.S. dollar.

Gold for June delivery GCM6, +0.51% fell by $1.80, or 0.1%, to $1,264.80 an ounce on Comex. Prices, which lost 2.1% on Monday, finished at their lowest level since April 27. The SPDR Gold Trust GLD, +0.27% edged up by 0.3%.

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