Gold futures settled lower on Friday, holding onto a slight gain for the week. “Gold traders have a lot of news to follow next week and that could support a deeper pullback if the [Federal Reserve] keeps optionality for more tightening on the table, and if earnings continue to mostly suggest the resilience of the U.S. economy remains,” said Edward Moya, senior market analyst at Oanda. Gold for August delivery
GCQ23,
settled at $1,966.60 an ounce on Comex, down $4.30, or 0.2%. For the week, prices based on the most-active contract edged up by 0.1%, according to Dow Jones Market Data.
