00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Gold prices edged higher on Friday, while silver declined after both metals fell sharply in the
00:07previous session amid selling pressure, according to CNBC. Spot gold rose 0.3% to $4,662.51 an ounce,
00:18and futures gained 1.2%, while spot silver fell 1.7% to $71.62, and futures rose 0.8%.
00:27Both metals are set for weekly losses, with gold down close to 9% and silver down more than 10%.
00:34Prices dropped Thursday during a broader sell-off tied to fears over the Iran war.
00:39Analysts said volatility followed an earlier rally and reflected momentum, trades unwinding.
00:45Investor flow shifted as retail and hedge fund participation declined,
00:49and longer-term demand trends remained in focus.
00:52For all things money, visit Benzinga.com.
Comments