Global financial markets continued to show mixed but notable movements at the end of the week. While world stocks climbed to fresh record highs, oil prices moved toward their steepest weekly decline in nearly two months, as investors grew more optimistic that the United States and Iran could reach an agreement to reopen the Strait of Hormuz and extend their ceasefire.
Silver’s explosive rally in 2025 is now starting to create the opposite effect. After gaining around 140% last year, silver prices at such elevated levels are beginning to weaken demand from industrial buyers, raising concerns that the metal may still have room to fall further in the period ahead.
Spot gold rose 0.2% to $4,516.76 per ounce as of 0051 GMT, while U.S. gold futures for June delivery gained 0.3% to $4,516.30 per ounce.
At the time of writing, spot gold was trading near $4,569.30 per ounce, up 1.35%, while spot silver was trading around $77.95 per ounce, gaining 3.38% on the session.
Spot gold opened the week at around $4,539.09 per ounce, then climbed to a weekly high of $4,588.64 per ounce as uncertainty surrounding the Iran conflict and defensive market sentiment supported demand for the precious metal
At the time of writing, spot gold was trading near $4,542.40 per ounce, down 0.04%, while spot silver was trading around $76.655 per ounce, up 1.03% on the session.
Brent crude futures rose by $1.27, or 1.21%, to $106.29 per barrel, while U.S. West Texas Intermediate crude increased by $1.29, or 1.31%, to $99.55 per barrel.
Gold recovered above $4,530 per ounce on Wednesday after briefly falling to a two-month low near $4,490 in the previous session.
Gold and silver prices came under strong pressure after Tuesday’s close as rising U.S. Treasury yields, a stronger U.S. dollar and inflation concerns linked to oil prices outweighed safe-haven demand.
.jpg&w=3840&q=75)
AI does not make the market simple. However, it can help traders approach the market in a more structured way.