economy
Gold drops nearly 10% in worst weekly rout since 2011
The metal saw bumpy trading on Friday morning, after joining a broad sell-off the previous day.
TL;DR
- Gold prices dropped 0.7% on Friday, capping their worst week in 15 years with a 9.6% decline.
- Silver futures fell more than 2% on Friday, marking their third straight losing week with a decline of over 14%.
- Both gold and silver experienced record rallies in 2025, surging 66% and 135% respectively.
- Analysts suggest that the current volatility is partly due to momentum trades unwinding after the extended rally.
- Investor sentiment has been influenced by fears surrounding the economic implications of the U.S.-Iran war and volatility in the oil market.