Saturday, 19 July 2014

Commodity Market Update : Epic Research Malaysia

The safe-haven benefits for gold faded on Friday, with the precious metal dropping in electronic trading, as a lack of physical follow-through made that upward move unsustainable, said analysts.

Gold for August delivery GCQ4 -0.42% fell $7.50, or 0.6%, to settle at $1,309.40 an ounce, following a 1.3% gain on Thursday after a Malaysia Airlines plane brought down in eastern Ukraine sent investors scrambling for safety. The precious metal closed out the week 2.1% weaker.

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