Gold, metal futures
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Stocks ended higher Friday as investors shook off concerns about the health of the banking sector and mulled comments from President Donald Trump about threatened extra tariffs on Chinese goods.
Another day, another record for gold prices. The front-month gold future trading on Nymex broke above $4,250 an ounce late Wednesday, taking its gains for the year to just over 60%. "Intensifying US–China tensions,
Gold futures ( GC=F) eased on Friday but were still on pace to notch their biggest weekly gain since 2020 in a stunning rally. The precious metal declined more than 1% to hover near $4,250 after hitting an intraday high of $4,370 earlier in the session.
Gold prices fell Friday, ending a streak of records. The front-month gold futures contract declined 2.1% to $4,189.90 a troy ounce. For the week, the surging precious metal rose 5.4%, its ninth consecutive weekly gain.
Gold futures soared above $4,000 per troy ounce for the first time Oct. 7, as many investors seek out a safe place to park their money during
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Comex gold futures’ bullish momentum is following through, RHB Retail Research’s Joseph Chai says in a research report. The commodity closed Thursday with a long bullish candlestick pattern on the daily chart,