Commodity Market Update : Epic Research Malaysia

Gold got back to its losing ways after last week’s positive finish, slipping on Monday as traders and central bankers continue to assess the threat of rising interest rates and as a buildup of Russian forces near Ukraine stoke global jitters.

gold for December delivery GC, -0.72% was down $2.30 to $1,277.90 an ounce. September silver SIU4, -0.03% was off 3 cents at $19.36 an ounce.

Gold prices closed Friday on a positive note, but still finished with a 2% loss for the week. That’s the worst week performance in a month, with government data spurring concerns that the Fed may determine the economy fit to handle a hike in interest rates.

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