Gold rises, heads for fourth weekly loss

Gold bars

Gold prices closed higher on Friday as investors bought recent dips, though the metal still posted a fourth consecutive weekly decline.

 

Gold futures climbed 2.65%, or $116.20, to $4,492.50 per ounce, but were down 1.8% on the week.

 

Silver futures for March delivery rose 2.77%, or $1.874, to $69.545 per ounce, marking a 0.27% weekly gain.

 

Oil held above $110 per barrel despite US President Donald Trump extending Iran’s deadline to reopen the Strait of Hormuz, after Tehran rejected a US proposal to end the conflict.

 

The war, now in its fourth week, has driven global price pressures across energy and fertilizers, fueling fears of runaway inflation and reinforcing expectations of further Federal Reserve rate hikes—typically a headwind for non-yielding assets like gold.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Commodity Price

 
Gold
3,896.25
19.63 0.51%
Silver
49.73
(0.15) (0.31%)
PLATINUM
1,524.60
3.50 0.23%

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request