Saturday 9 August 2014

Commodity Market Update : Epic Research Malaysia

Gold futures declined Friday on reports that Russia is attempting to ease tensions over Ukraine, erasing an earlier safe-haven bid tied to President Obama authorizing U.S. airstrikes in Iraq.

Gold for December delivery GCZ4 -0.14% slid $1.50, or 0.1%, to $1,311 an ounce. For the week it closed up 1.3%, defending its foothold above $1,300. The precious metal was also pressured by stronger U.S. stocks on the back of a news report that as Russia has ended military exercises near the Ukraine border.

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