Lates News

On Friday (May 23), New York spot gold rose 1.93% to $3358.03 per ounce, with a cumulative increase of 4.83% for the week, continuing to rise overall. COMEX gold futures rose 1.94% to $3358.60 per ounce, with a weekly increase of 5.40%. The August contract also rose by 4.96%. The Philadelphia Gold and Silver Index closed up 2.31% at 192.10 points, with a weekly increase of 7.71%. Spot silver rose 1.30% to $33.4875 per ounce, with a weekly increase of 3.70%. COMEX silver futures rose 1.27% to $33.640 per ounce, with a weekly increase of 4.02%. COMEX copper futures rose 3.92% to $4.8630 per pound. After Trump threatened to impose a 50% tariff on the European Union, prices continued to rise, with a weekly increase of 5.97%. Trump's tariff threat against the EU broke the earlier trend of narrow fluctuations and pushed prices slightly higher for the week.