Gold futures climbed back above $1,900 an ounce on Friday to tally a gain of almost 8% for the month. “Gold’s fundamentals are still improving as central bank buying continues to improve, unprecedented monetary and fiscal stimulus efforts are still elevated, and as some traders lose confidence with cryptocurrencies,” said Edward Moya, senior market analyst at Oanda. August gold rose $6.80, or 0.4%, to settle at $1,905.30 an ounce. Most-active contract prices marked their highest settlement since Jan. 7, posting a gain of 1.5% for the week and climbing about 7.8% for the month, according to Dow Jones Market Data.
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