Gold futures settle near a one-month low

Gold futures on Wednesday logged their lowest settlement in nearly a month, extending losses from a day earlier as an upbeat report on U.S. private-sector hiring and strength in the U.S. dollar and stock market dulled the metal’s haven appeal.

Gold for August delivery GCQ5, -0.17%  fell $2.50, or 0.2%, to settle at $1,169.30 an ounce on Comex. That was the lowest settlement for a most-active contract since June 5. September silver SIU5, -0.33%  fell less than half a cent to $15.577 an ounce.

A report that Greece’s prime minister is prepared to agree to most bailout terms set by creditors helped provide a lift to stocks while dampening haven demand for gold.

But a separate report then said creditors had rejected a new proposal for budget cuts and policy overhauls, and Greece will proceed with its Sunday referendum as planned.

Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my