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Gold Down as Inflation Fear Subsides; Silver Tanks

The opinions expressed by columnists are their own and do not necessarily represent the views of
SAN FRANCISCO -- Gold futures declined Friday, hurt by a stronger dollar and a selloff for oil and other commodities that took some inflation fears off the table. Gold for August delivery retreated $13.50, or 0.9%, to settle at $1,529.20 an ounce on the Comex division of the New York Mercantile Exchange. Silver futures stumbled 2.9% with the July contract off $1.10 to settle at $36.33 an ounce.

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