Gold prices rose, but the weekly closing did not end higher.

Gold futures rose 2.7% on Friday to $4,492 per ounce, reversing the downturn from yesterday due to a strong dollar and rising US Treasury yields. However, the price of gold is still not enough to reverse the weekly decline, with a 1.7% drop this week. This marks the fourth consecutive week of decline for gold, setting a record for the longest weekly decline since 2023. Louis Navellier of Navellier and Associates stated in a report, "Precious metals have received buying support." However, the decisive factor for the long-term trend of gold is still the conflict in Iran and how long this disruption will continue. Silver rose 2.8% today to $69.545 per ounce. Silver closed the week with a 0.3% increase.