Gold, Silver Futures Post Weekly Losses — Market Talk
Bullish strength: 30/100
- Gold recovered $1.30 during the session as lower-than-expected U.S. producer prices eased inflation concerns.
- Steadying oil prices reduced concerns about inflation and a more restrictive Federal Reserve.
Bearish strength: 70/100
- Gold futures recorded a 4.5% weekly loss.
- Silver fell 1.9% to a fresh 52-week closing low of $49.031 per ounce.
- Silver recorded a 5.4% weekly loss.
- Higher crude prices could fuel inflation expectations and increase pressure on non-yielding precious metals through a tougher Federal Reserve outlook.
This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.