Gold and silver prices fell on Friday as the US dollar strengthened, driven by weaker-than-expected US initial jobless claims. The dollar index rose to 99.49, its highest since early December, reducing demand for precious metals as safe-haven assets. Additionally, US President Trump's moderated stance on Iran further diminished the appeal of gold and silver.
Despite the recent decline, ongoing geopolitical risks in Iran, Venezuela, and Greenland continue to support safe-haven demand. Analysts predict that gold and silver prices will remain volatile, influenced by dollar index fluctuations and an upcoming US Supreme Court ruling on tariffs, which could impact precious metal markets.
Gold and Silver Prices Decline Amid Stronger Dollar and Eased Iran Tensions
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
