Commodity Market Update : Epic Research Singapore

Gold futures settled lower on Friday, but still scored their sixth straight weekly gain as traders gauged the risks posed by a troubled Portuguese bank.

Gold for August delivery GCQ4 +0.06%  fell $1.80, or 0.1%, to settle at $1,337.40 an ounce on the Comex division of the New York Mercantile Exchange.

September silver SIU4 -0.08%  closed down almost 5 cents, or 0.2%, to $21.46 an ounce, but was about 1.5% higher for the week.

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