Overview
- U.S. December gold futures rose 0.69% to $4,000.4 on Friday, recovering the $4,000 mark after President Donald Trump threatened additional tariffs on Chinese imports.
- The metal set all‑time highs on Wednesday, with the December Comex contract closing at $4,070.50 after an intraday peak of $4,081 and spot prices topping $4,000 for the first time.
- Prices slid 2.4% on Thursday to $3,972.60 in a swift correction linked by traders to progress in Gaza peace talks.
- Year‑to‑date gains are near 54% as central‑bank purchases and renewed ETF inflows combine with expectations for lower U.S. rates and a softer dollar.
- Silver notched a new modern‑era closing high near $49 and briefly approached $50, while authorities warned about volatility, fraud risks, and environmental harms tied to illicit mining.