gold gcq: August gold GCQ19, 0.08% gave up 20.80, or 1.5%, to settle at 1,400.10 an ounce, after settling at 1,420.90 an ounce on Comex Wednesday, the highest for a most-active contract since May 14, 2013, according to Fact Set Data, according to Market Watch. Regular trading was shut on the Independence Day holiday Thursday. Traders have used the better than expected jobs number to push gold prices lower as expectations of a Federal Reserve interest rate cut in July have diminished somewhat, said Mark O'Byrne, research director at Gold Core. Read Why gold prices have climbed to their highest since 2013 Friday's losses prompted gold to post a loss of 1% for the week, on the heels of two consecutive weeks of gains, according to Fact Set data. That easily beat the 170,000 forecast of economists polled by Market Watch. The U.S. added 224,000 new jobs in June, data showed on Friday.
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