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Gold futures mark lowest settlement in over 5 weeks

·1 min read
Gold futures mark lowest settlement in over 5 weeks
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Gold futures declined on Friday, posting a loss for the week and settling at their lowest in more than five weeks. Positive economic numbers coming in each week, the most recent being U.S. retail sales, have contributed to gold's loss, said Adam Koos, president at Libertas Wealth Management Group. "Any additional, positive, hawkish numbers like these are going to solidify any probability of a 'sooner-than-later' [Federal Reserve] tapering schedule, which wouldn't likely bode well for gold, or bo