Already down $50, but August could still be 'terrific' month for gold

Just one week into August, and gold is already down more than $50. But can the last month of the summer still prove to be a "terrific" one for the precious metal?

Here's a look at Kitco's top three stories of the week:

3. August could be a "terrific" month for gold and a "tough" month for the S&P 500, says CNBC's Jim Cramer

2. Ray Dalio opts for gold versus bitcoin: 'If you put a gun to my head and said I can only have one, I would choose gold'

1. How much gold & silver is actually in Tokyo 2020 Olympic medals?
 

By Anna Golubova

For Kitco News

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