Market Chatter: Gold Settles Below $1,600, Posts Quarterly Loss
"Gold futures on Thursday slipped back below $1,600 an ounce, as an upward revision to fourth-quarter U.S. growth and an orderly reopening of banks in Cyprus helped to calm investors' nerves," MarketWatch reported.
It said: "June gold, the most-active contract, settled at $1,595.70 an ounce, down $11.50, or 0.7%, on the Comex division of the New York Mercantile Exchange. Tracking the most-active contracts, gold futures rose 1.1% for the month, but lost 4.8% for the first quarter. Trading on Comex will be closed for Good Friday."
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