Commodity Market Update : Epic Research Malaysia

Gold dropped for a second session on Tuesday on expectations that the Federal Reserve may tighten monetary policy sooner than expected.

Gold for December delivery GCZ4, +0.69% slid $5.80, or 0.5%, to settle at $1,248.50 an ounce. December silver SIU4, +0.96% fell 4 cents at $18.84 an ounce.

A day earlier, gold prices gave up early gains to close lower, touching a three-month low with global conflicts failing to push investors toward the perceived safety of the precious metal.

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