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Gold Rally Rolls On
Comex gold futures settled virtually all but steady on Friday but enjoyed the best weekly return in more than a month. Political instability in Italy with talk of a split in the ruling coalition and a possible summer election and another round of fear-mongering from Donald Trump in his trade war with China helped maintain interest in gold December Comex gold futures shed $US1, or less than 0.1%, at $US1,508.50 an ounce. For the week, gold rose 3.5% based on the most-active contract’s finish on August 2. The weekly rise was the best since June 21 according to FactSet data. Meanwhile, Comex September silver eased ... (full story)