Search

Saved articles

You have not yet added any article to your bookmarks!

Newsletter image

Subscribe to the Newsletter

Join 10k+ people to get notified about new posts, news and tips.

Do not worry we don't spam!

Gold Prices See 1% Dip Amid Dollar Resurgence, Yet Maintain Weekly Gains

Gold Prices See 1% Dip Amid Dollar Resurgence, Yet Maintain Weekly Gains

Post by : Badri Ariffin

Gold experienced a slight decline on Friday, trading at approximately $4,590 per troy ounce during our report. This drop was attributed to a rise in US dollar strength and the easing of geopolitical tensions.

As of 15:48 GMT, spot gold prices fell 1% to $4,567.89 per ounce. Despite this decrease, gold is still positioned for a second consecutive weekly increase, having reached a record high of $4,642.72 on Wednesday.

US gold futures scheduled for February delivery also decreased, dropping 1.1% to $4,570.90 per ounce.

In the realm of other precious metals, spot silver saw a significant decline of 4.5%, settling at $88.14 per ounce. Nevertheless, silver remains robust on a weekly basis, anticipated to achieve gains exceeding 10% after hitting an all-time high of $93.57 in a prior session.

Platinum dropped by 4.7% to $2,296.75 per ounce, though it is still set for weekly gains. Additionally, palladium fell 3.1% to $1,744.95 per ounce.

On a different note, US stock markets opened positively as chipmaker stocks regained momentum amid a turbulent trading week. At the opening bell, the Dow Jones Industrial Average was up by 24.3 points (0.05%) at 49,466.7. The S&P 500 rose by 16.1 points (0.23%) to 6,960.54, while the Nasdaq Composite climbed 109.7 points (0.47%) to 23,639.687.

Jan. 17, 2026 11:50 a.m. 119

#Global News #World News #Gold

California AG Orders xAI to Stop AI-Generated Nonconsensual Images
Jan. 17, 2026 1:22 p.m.
California AG demands xAI halt AI-created nonconsensual sexual images, citing disturbing reports and potential legal violations
Read More
Limited Short-Term Effects of US AI Chip Tariffs on South Korea
Jan. 17, 2026 1:08 p.m.
South Korea anticipates minimal immediate impact from new US AI chip tariffs, but future risks to its semiconductor sector remain.
Read More
Washington Sundar Ruled Out With Side Strain, Bishnoi Named Replacement
Jan. 17, 2026 1:04 p.m.
India’s all-rounder Washington Sundar has been sidelined with a side strain, prompting squad changes ahead of the New Zealand series
Read More
Visa Issues Escalate Tensions in ICC-Bangladesh T20 World Cup Negotiations
Jan. 17, 2026 12:54 p.m.
A missed visa for an Indian ICC official complicates security talks for the T20 World Cup, limiting delegation size and raising concerns.
Read More
Trump's $100 Million Bond Investment Sparks Concerns Over Integrity
Jan. 17, 2026 12:46 p.m.
Donald Trump invested $100 million in bonds, including Netflix and Warner Bros, raising alarms about potential conflicts of interest.
Read More
Day 1,423 of the Russia-Ukraine Conflict: Ongoing Struggles and International Response
Jan. 17, 2026 12:43 p.m.
As the Russia-Ukraine war enters Day 1,423, violence, power outages, and global support highlight the conflict's severity.
Read More
Prabhas’ The Raja Saab Crosses Rs 133 Crore, Sequel in Talks
Jan. 17, 2026 12:26 p.m.
Prabhas’ horror-comedy The Raja Saab earns Rs 133.75 crore in 8 days. Director Maruthi teases a new, fresh storyline for the sequel
Read More
Malaysia’s 15th Parliament Fifth Session Opens with Royal Address
Jan. 17, 2026 12:09 p.m.
The Fifth Session of Malaysia’s 15th Parliament begins Monday with His Majesty Sultan Ibrahim’s Royal Address and key legislative plans
Read More
Understanding the Complexity: US Challenges with Iran
Jan. 17, 2026 12:08 p.m.
Experts indicate that the US faces significant military and political hurdles in Iran despite its internal issues and unrest.
Read More
Trending News