Gold Snaps 6-week Winning Streak, Falls 2.3% For Week

By Wallace WitkowskiMarketsMarketWatch Pulse

Gold futures settled lower Friday, snapping a six-week streak of moving higher, as investors shrugged off safe-haven assets following a suspected terrorist attack in France. Gold for August delivery declined $4.80, or 0.4%, to settle at $1,327.40 an ounce, for a weekly decline of 2.3%. Silver for September delivery shed 15.7 cents, or 0.8%, to settle at $20.165 an ounce, but settled up 0.3% for the week, for its seventh week of gains.

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