Current Prices: Gold USD 2167.33/oz (AUD 3325.89) And Silver USD 24.69/oz (AUD 37.89)
Gold prices extended losses from the previous session as the dollar strengthened. Spot gold fell by 0.74% trading near $US 2165 an ounce at the US close and silver fell 0.25% trading near $US 24.66 an ounce. Over the week, Gold jumped 0.43% and Silver down by almost 2%.
US share markets were mixed on Friday. The Dow Jones index fell by 305 points or 0.8%, the S&P 500 index dipped 0.1% but the Nasdaq index added 27 points or 0.2%. For the week, the Dow rose by 2% and the S&P 500 gained 2.3%, their biggest weekly gains since mid-December. The Nasdaq rose 2.9%, the biggest weekly jump since mid-January.
US government bond yields dipped on Friday. The US 10-year Treasury yield fell 7 points to 4.20% and the US 2-year Treasury yield slid 4 points to 4.60%. For the week, the 10-year yield shed 11 points with the 2-year yield down 14 points.
Currencies were mixed against the US dollar in European and US trade. The Aussie dollar eased from US65.31 cents to US65.09 cents and was near US65.15 cents at the US close.
In US economic news Atlanta Fed President Raphael Bostic said he now expects just a single quarter-point interest rate cut this year, citing persistent inflation and stronger-than-anticipated US economic data.
Australian gold prices ticked up by 0.11% ($3.64 per oz) to AUD 3323.75 at the US close.
Australian silver prices jumped by 0.57% ($0.70 per oz) to AUD 37.87 at the US close.
The current Gold and Silver Ratio is 87.82
Current AUD/USD is 0.65178
Gold (Yellow) vs Silver (White) vs ASX200 (Green) YTD Returns
Gold (Yellow) vs Silver (White) vs ASX200 (Green) Rolling 12 Month Returns
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