Although gold is trading lower on the week, Friday’s trading activity resulted in moderately higher pricing with gold closing up seven dollars. August Comex futures are currently fixed at $1,231 after adding today’s net gain of 0.57%.

Gold has been under major pressure and losing value since April of this year when the precious yellow metal traded to the highest value this year and began to sell off. Since that time, you could say that gold prices have been free falling.

Although gold futures are trading slightly higher, today’s trading activity is highlighted by the fact that gold traded to a lower low and a lower high than yesterday.