Gold futures settle at an 8-month low

Gold futures on Wednesday saw their lowest settlement since November, pressured by upbeat U.S. economic data and comments from Federal Reserve Chairwoman Janet Yellen, which indicated a likely interest-rate increase later this year.

Gold for August delivery GCQ5, -0.06%  shed $6.10, or 0.5%, to settle at $1,147.40 an ounce on Comex for a fifth straight session loss. Prices haven’t settled at a level this low since early November, based on the most-active contracts.

September silver SIU5, +0.25%  dropped 26.7 cents, or 1.7%, to $15.048 an ounce, extending its loss to a third straight session.

Data Wednesday showed that prices U.S. companies paid to produce goods and services rose in June for a second month, with the PPI index up 0.4%.

Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my