MW: Gold down as inflation fear subsides; silver tanks
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- 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 GC1Q +0.22% 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 SI1N -0.36% off $1.10 to settle at $36.33 an ounce.
