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Gold Prices Decline 1% While Dollar Gains Strength

Gold Prices Decline 1% While Dollar Gains Strength

Post by : Bianca Haleem

On Friday, gold prices recorded a slight decline, trading at approximately $4,590 per troy ounce. This drop was attributed to a recovering US dollar coupled with diminishing geopolitical tensions.

As of 15:48 GMT, spot gold was priced at $4,567.89 per ounce, reflecting a 1% decrease. Nevertheless, gold remains on track for a second consecutive weekly rise, following a peak of $4,642.72 hit on Wednesday.

US gold futures for February delivery also experienced a slight decline, down 1.1% to $4,570.90 per ounce.

In the realm of other precious metals, spot silver fell significantly by 4.5% to $88.14 per ounce. Yet, silver is set for a weekly gain of over 10%, after reaching a record high of $93.57 in the previous session.

Platinum prices saw a 4.7% drop to $2,296.75 per ounce but are still forecasted for weekly gains. Palladium also slipped by 3.1% to $1,744.95 per ounce.

Meanwhile, US stock markets showed an upward trend as shares in chip manufacturing regained attention amid a tumultuous trading week. At market open, the Dow Jones Industrial Average rose by 24.3 points (0.05%) to reach 49,466.7. The S&P 500 climbed 16.1 points (0.23%) to 6,960.54, and the Nasdaq Composite increased by 109.7 points (0.47%) to 23,639.687.

Jan. 17, 2026 11:50 a.m. 1448
Global News World News Gold

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