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Silver falls from record peak as investors book profits, gold rises to seven-week high
Silver prices fell nearly 3% on Friday after hitting an all-time high earlier in the session, as profit-taking set in, while gold rose to a seven-week peak. Spot silver fell about 3% to $61.7 per ounce, after hitting a record high of $64.64 earlier. Spot gold rose 0.3% to $4,293.43 per ounce, after scaling its highest level since October 21 earlier. U.S. gold futures settled 0.4% higher at $4,328.3. The U.S. dollar held steady after falling in recent sessions. A firmer dollar makes greenback-priced metals less affordable for foreign buyers. There’s some blowing up of steam, an slight uptick in the U.S. dollar and ... (full story)
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