Comex Gold Slides 1.4% as Silver Drops 2.5% – Market Recap

Comex gold settled ↓ 1.4% on Friday, marking its second decline in three sessions, while silver fell ↓ 2.5%, extending a three‑of‑four‑day losing streak.

Comex gold price dip intensifies amid weak demand

Analysts cite subdued industrial buying and a firmer US dollar as primary drivers. Reuters reported that inventories remained elevated, adding pressure on spot prices.

“The metal market is wrestling with inventory glut, and short‑term sentiment remains bearish,” said a senior trader at a major brokerage.

Silver’s broader slide mirrors the gold trend, suggesting that investors are rotating out of precious metals ahead of upcoming macro data releases. The next week’s employment figures could either reinforce the downturn or spark a tentative rebound.