Gold futures settled lower on Friday, but posted a gain in August-their fourth straight monthly rise. “The precious metals remain in a bullish uptrend, though it would not surprise us to see [precious metals] prices pull-back/consolidate after such a strong month, regardless what happens with stocks and China trade deal status,” Adam Taggart, co-founder of PeakProsperity.com, told MarketWatch. December gold
lost $7.50, or 0.5%, to settle at $1,529.40 on Comex. Prices for the most-active contract fell 0.5% for the week, but rose more than 6% for the month of August, according to FactSet data.
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