Wednesday, 27 August 2014

Commodity Market Update : Epic Research Malaysia

Gold prices finished higher Tuesday, but two-month lows weren't far off as a stronger dollar and an appetite for equities continue to weigh.

Gold for December delivery GCZ4, -0.08% settled up $6.30, or 0.5%, at $1,285.20 an ounce. September silver SIU4, +0.07% settled up nearly 3 cents, or 0.1%, to $19.39 an ounce.

Gold held on to gains after data showed U.S. orders for durable goods jumped more than 22% in July, driven by big orders for Boeing aircraft. Excluding the transportation sector, sales were down 0.8% amid widespread weakness.

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