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Metals Stocks: Gold retreats, on track for lowest settlement in nearly 2 weeks

Gold prices fell in Friday trading, putting the yellow metal on track to book its lowest settlement in nearly two weeks, a day after the commodity snapped a two-session skid as concerns about global trade were relegated to the back burner.

August gold GCQ8, -0.34% lost $4.10, or 0.3%, at $1,242.50 an ounce, aiming for its lowest settlement since July 2. Earlier, prices sank to as low as $1,236.20, which would’ve been the lowest for a most-active contract July 2017, according to FactSet data, based on the daily settlements. The contract was set for a 1% weekly decline.

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