Commodity Market Update : Epic Research Malaysia

Gold bugs on Monday enjoyed a slight respite from all the declines, but they could be in for another rough week if the next batch of economic numbers, notably the jobs report at the end of the week, shows further improvement.

At last check, gold for December delivery GCZ4, +0.32%  was up $2.10 to $1,217.50 an ounce. December silver SIZ4, -0.07%  dipped 3 cents to $17.55 an ounce.

Gold ended Friday’s session with another dip, capping off a stretch of four-straight weeks of losses amid a climbing dollar and relatively upbeat economic data. It didn’t help that the broader stock market logged solid gains, including a 1% push on the Dow DJIA, +0.99%

Gold was also reportedly getting support from unrest in Hong Kong, where the Hang Seng index HSI, -1.87%  plunged 2.2% amid pro-democracy protests that exploded over the weekend.

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