Week in Metals: Gold Slips as Dollar Trumps War Fears
Gold and silver posted weekly losses as a surging dollar and fading rate-cut expectations outweighed safe-haven demand from the Iran crisis.
Our weekly summary of the biggest precious metals stories, price movements, and what to watch in the week ahead.
18 articles · Page 2 of 2
Gold and silver posted weekly losses as a surging dollar and fading rate-cut expectations outweighed safe-haven demand from the Iran crisis.
Gold shed 2.56% as a geopolitical spike reversed and Asian demand fractured, though central bank buying and weak jobs data kept a floor under $5,000.
US-Israel military strikes on Iran drove gold near $5,300 and silver past $93, with both metals posting sharp weekly gains on surging safe-haven demand.
Gold surged 4% past the $5,000 milestone while silver stole the show with a 12% weekly rally, compressing the gold/silver ratio to 61.7.
Gold edged higher past $5,000 while silver suffered a brutal 4.6% weekly decline, widening the performance gap between the two metals.
Gold consolidated above $5,000 while silver retreated 5.5% amid questions about Chinese demand and valuation concerns.