Gold and Silver Prices Take a Hit

As trade tensions between the United States and China showed signs of easing earlier this week, gold prices experienced a notable decline, dropping over 2% on Friday. This marks a 5% decrease from its recent all-time high of $3,507 last month.

Current Market Prices

At 7:46 am ET, gold was down 2.02%, trading at $3,174.47 per ounce. Silver wasn't far behind, falling by 1.75% to $32.07 per ounce. Meanwhile, platinum decreased by 0.75%, going for $986.60 per ounce, and palladium dropped 0.39%, selling for $947.98 per ounce.