Commodity Market Update : Epic Research Malaysia

Gold prices closed slightly higher on Friday, but gave up most of the gains that came immediately after a soft jobs report sent investors toward safety plays.

Gold for December delivery GCZ4, +0.21% settled up 80 cents, or less than 0.1%, to $1,267.30 an ounce, while December silver SIZ4, +0.43% rose two cents to $19.16 an ounce.

Gold has been rangebound through much of the week, hovering around an 11-week low even as traders grapple with mixed news on the geopolitical front. December gold is on pace for a weekly drop of 1.6%.

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