The Front Month Comex Gold contract for April delivery decreased by $74.50 per troy ounce, or 2.41%, closing at $3012.00 over the course of the week.
— Biggest one-week decrease both in terms of net value and percentage since the week ended February 28, 2025
— Breaks a four-week winning streak
—Today it has dropped by $85.00 or 2.74%.
— Biggest single-day drop in both dollars and percentage since Monday, November 25, 2024
—Absent for two consecutive sessions
—Decreased by $127.90, which is a drop of 4.07%, over the past two trading sessions
— Biggest two-day drop in value since Monday, April 15, 2013
— Biggest two-day percentage drop since August 9, 2021, which was a Monday
— Down in three out of the last four sessions
—Smallest payout amount since start of this week, specifically Monday, March 17, 2025
— Down 4.07% from its 52-week peak of $3139.90 reached on Wednesday, April 2, 2025
—Increased by 31.45% from its 52-week low of $2291.40 reached on Tuesday, April 30, 2024
— Rose 29.51% compared to 52 weeks prior
— Down 4.07% from its peak settlement value of $3139.90 reached on Wednesday, April 2, 2025.
— Increased by 14.16% from its 2025 settlement low of $2,638.40 reached on Monday, January 6, 2025.
— Down 4.07% from its peak of $3139.90 reached on Wednesday, April 2, 2025
— Year-to-date, it has increased by $382.80 or 14.56%.
The calculation for all pricing depends on the settlement value of the currently active front-month contract.
Source: Dow Jones Market Data, FactSet
COMEX Silver Finished the Week 15.96% Down at $29.116
The Front Month Comex Silver contract for April settlement decreased by $5.5280 per troy ounce, marking a drop of 15.96%, ending at $29.116 over the course of the week.
— Biggest single-week drop since the week ended September 23, 2011
— Biggest weekly drop in percentages since the week ended March 13, 2020
— Fell in two out of the last three weeks
—Today it has decreased by $2.728, which is an 8.57% drop.
— Biggest single-day drop in both dollars and percentage since Tuesday, February 2, 2021
—Absent for two consecutive sessions
—Decreased by $5.383, which is a 15.60% drop over the past two sessions
— Biggest two-day drop in value since September 26, 2011, which was a Monday
— Biggest two-day percentage drop since Monday, March 16, 2020
— Down in five out of the last six sessions
–Smallest payout amount since Tuesday, December 31, 2024
— Down 16.57% from its 52-week high of $34.897 reached on Thursday, March 27, 2025
—Increased by 10.33% from its 52-week low of $26.391 reached on Tuesday, April 30, 2024
— Rose decreased by 6.26% from 52 weeks ago
—Down 16.57% from its peak settlement value of $34.897 reached on Thursday, March 27, 2025.
— Down 40.21% from its peak of $48.70 reached on Thursday, January 17, 1980.
— Year-to-date, it has increased by 17.60 cents or 0.61%.
The calculation of all prices relies on the settlement price from the currently active front-month contract.
Source: Dow Jones Market Data, FactSet
Metal Prices Fall Amid Tariff Worries About Slowing Worldwide Economic Expansion
10:49 AM GMT - Prices for base metals fall sharply, with LME three-month copper dropping 3.7% to trade at $8,985.50 per metric ton and LME three-month aluminum decreasing by 1.4% to stand at $2,422.50 a ton. The decline in copper prices follows concerns over reduced global economic growth sparked by President Trump's lower-than-predicted tariffs, according to an analysis from SP Angel. In just one week, both copper and aluminum saw drops of 8.7% and 7.7% respectively due to these tariffs impacting future demand projections, notes SP Angel. Given that China accounts for approximately half of worldwide copper consumption, intensifying US tariffs could dampen this nation's expansion rate even more, they add. Notably, Trump imposed additional reciprocal tariffs worth 34% above current rates on Chinese products last Friday. Meanwhile, Beijing announced plans to apply similar 34% levies across all American imports starting April 10th. [email protected] )
Gold Futures Drop, Offering an Ideal Opportunity for Buying Gold Longs, According to GS
0828 GMT - Gold futures decline slightly but remain near all-time peaks amidst turbulent trading due to broader market instability. On Friday, they dropped 0.3%, settling at $3,112.80 per troy ounce after reaching a peak of $3,201.60 during Wednesday’s session. Following President Trump’s announcement of extensive tariffs on Thursday, this downturn provides a compelling opportunity for investors looking to establish long positions—or anticipate increased valuation—in gold, according to remarks from Goldman Sachs analysts. They suggest that structural support for gold prices stems from ongoing purchases by central banks in developing markets along with heightened exchange-traded fund (ETF) demand driven by anticipated Fed interest rate reductions and concerns over potential recessions. Goldman Sachs persists in advocating for investment in gold—their top commodity recommendation—with their end-of-year target still set at $3,300 an ounce. [email protected] )
Gold Holds Firm, Backed by Possible Haven Buying
2343 GMT — Gold remains stable during the initial hours of trading in Asia, bolstered by possible safe-haven interest. "This asset might sustain its upward trajectory due to ongoing investor search for security following President Trump's tariff announcements," notes Inki Cho from Exness in an emailed statement. These new tariffs have dampened market optimism and boosted the appeal of secure investments like gold according to the financial analyst. Currently, spot gold shows minimal change at $3,114.02 per ounce. [email protected] )