Gold futures settled below $1,400 Friday to cap a decline for May, the seventh monthly drop in the last eight months.
Gold for August delivery /quotes/zigman/6585799 GCQ3 -1.70% fell $19, or 1.4%, to settle at $1,393 an ounce on the New York Mercantile Exchange’s Comex division. Gold futures rose 1.5% Thursday to close at $1,412 an ounce.
Gold futures fell 5.4% in May, compared with the settlement of $1,472.10 for the most-active contract on April 30.
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