Meanwhile, silver futures extended recent gains that lifted prices for seven out of the previous eight trading sessions.
A stronger-than-expected report on U.S. employment Friday prompted gold to end last week on a sour note. Gold and silver, however, still managed to each log a sixth-weekly gain as investors expect the metals’ rise to be underpinned by global economic uncertainty and what’s still anticipated to be a go-slow approach to interest-rate increases at the Federal Reserve.
August gold GCQ6, +0.07% settled down $1.80, or 0.1%, at $1,356.60 an ounce, after trading above $1,360 earlier in the session. Even with the recent declines, gold logged a weekly gain of 1.5% on Friday.
Silver, boosted both by hedging demand and for its use as an industrial commodity, settled higher. September silver SIU6, +1.01% added 20.5 cents, or 1%, to finish at $20.304 an ounce, the highest settlement price since August 2014.
The SPDR Gold Trust ETF GLD, -0.94% was down 0.8%, while the iShares Silver Trust SLV, +0.42% tacked on 0.5%.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment