Commodity Market Update :Epic Research Malaysia

Gold futures were flat on Monday after rallying to their biggest monthly gain in three years last week but the precious metal is poised to strengthen with U.S. stocks under pressure.

Gold for April delivery on Comex GCJ5, -0.17%  settled at $1,279.20 an ounce, unchanged from Friday, while March silver SIH5, -0.18%  climbed 43 cents, or 2.6%, to $17.21 an ounce.

They noted that the bulk of the buying has occurred in SPDR Gold Trust GLD, -0.83%   at 49.35 million tons, although European-listed products also drew fresh interest.