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Metals Stocks: Gold ends losing streak, but suffers 5.5% quarterly decline

Gold futures snapped a four-day losing streak Friday, but logged a second quarter drop of more than 5%.

Gold sellers came up for air as the highflying dollar index paused its run on Friday and the metal largely held its early gain even after government data showed a preferred inflation gauge under watch at the Federal Reserve hit the central bank’s 2% target in May. It’s a data point that could keep up the argument for additional interest-rate hikes this year, a typically gold-negative factor.

August gold GCQ8, +0.26% ended $3.50 higher at $1,254.50 an ounce, a gain of 0.3% for the day.

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