Recovery in Gold and Silver Prices Following Last Week’s Decline
Gold and silver prices witnessed a notable recovery in trading on Friday, driven by purchasing activities after their drop to lowest levels during the previous week.
As of 01:27 GMT, gold in spot trading rose by 1% to reach $4,966.83 per ounce, after experiencing a decline of more than 3% on Thursday, marking its lowest level in nearly a week, below the $5,000 threshold.
Meanwhile, U.S. gold futures for April delivery increased by 0.7%, settling at $4,985.40 per ounce.
In the silver market, spot transactions saw a rise of 2.1%, climbing to $76.76 per ounce, following a sharp drop of 11% last Wednesday, reflecting fluctuations in demand and speculation on precious metals.
