| Gold is expected to remain caught in a tug of war between the U.S. dollar and safe-haven demand as Greece’s repayment deadline quickly approaches, according to commodity analysts. Gold is ending its second consecutive week in positive territory; the market managed to hold on to most of its gains from Thursday’s 1.5% rally. Comex August gold futures settled Friday’s session at $1,201.90 an ounce, up almost 2% since Monday.
The rally in gold also appears to have helped drive silver prices higher as it managed to end its four-week slump. Comex July futures settled Friday at $16.109, up 1.3% on the week. Looking ahead, despite gold’s strong late-week performance, retail investors are still negative on the metal while commodity analysts have moved to the sidelines, according to the results of Kitco News’ Wall Street vs Main Street Weekly Gold Survey...............................................Full Article: Source
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