After reaching multi-week highs yesterday, gold and silver dipped Friday as the US dollar gained 0.3% on current Fed guidance. Even with today’s drop, gold is looking to close the week up about 0.5% while silver is up about 1%. For July, gold gained 2.4% while silver fell 2.4%. Stocks closed down on Friday as weaker than expected earnings surprised investors but ended the month firmly in the green. The S&P 500 gained 2.3% in July while the Nasdaq and Dow each rose 1.3% and 1.2% respectively.