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Gold prices have peaked over the past three years, reaching $ 1,500 an ounce, while silver has soared to $ 16.95 an ounce. Platinum settled about $ 860 an ounce, while palladium climbed to $ 1,425.11 an ounce.
Gold prices stabilized on Friday, closing their best week in three years. They remained close to $ 1,500 an ounce, thanks to looser monetary policies of major central banks, escalating trade tensions between the United States and negative yields on government bonds. in the world.
The spot gold price for the late trading session in the US market was $ 1497.20 ounce, down 0.2% after crossing earlier this week the 1500 barrier. $ for the first time since April 2013. US gold futures fell 0.1% to settle at $ 1508.50 an ounce.
The yellow metal finished the week on gains of more than 4%, the largest since April 2016, bringing its gains since the beginning of the year to about 17% with a $ 100 rise last week.
Merrill Lynch, of the Bank of America, said Friday that precious metals funds had received the fourth highest volume of cash inflows of the week.
Among the other precious metals, silver rose 0.3% to $ 16.95 ounce, ending the week up nearly 5%. Platinum settled about $ 860 an ounce, while palladium rose 0.3% to $ 1,425.11 an ounce.
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