Commodity Market Update : Epic Research Malaysia

Gold prices caught an updraft on Monday, rallying nicely as traders headed toward the equity exits to kick off a heavy week of corporate earnings.

At last check, gold for December delivery GCZ4, +0.75%  was up $12.90, or 1%, at $1,234.40 an ounce. December silver SIZ4, +0.97%  fared even better than its pricier cousin, rallying 18 cents, or 1.1%, to $17.49 an ounce.

Gold ended last week in the red despite a general move away from equities. Blame the weakness on the stronger dollar DXY, -0.05% which continues to dog gold prices. The greenback finished lower ground for the week, though. That’s the first time that’s happened in three months.

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