If gold can't close around the $1,820 an ounce level, a breakout summer rally could be out of the question for the precious metal, with some analysts even warning of a pullback to $1,700 an ounce. Gold closed Friday's price action with the fourth weekly gain in a row, up 1.5%, with December Comex gold futures last trading at $1,818.10 an ounce. Many analysts expected gold to see a significant rally after the slowdown in inflation. The CPI numbers came in below expectations this week, with the annual inflation running at 8.5%, following June's 9.1% print. But gold could not capitalize on the immediate gains the ... (full story)