Gold ended with a sharp drop this Friday (5), falling to the level of US$ 4,300, while silver returned to operating below US$ 70. Precious metals were pressured by the increase in the dollar and Treasury interest rates, in a mix of expectations of monetary tightening by the Fed (Federal Reserve) and greater tension in the Middle East.
On Comex, the metals division of the New York Stock Exchange (Nymex), gold for August ended down 3.1%, at US$4,365.3 per troy ounce, losing 5% in the week. Silver for July fell 6.6% to US$69.103 per troy ounce, and was down 9% for the week.
Precious metals, which had already been falling since the beginning of the morning, accelerated their losses in the last moments of the session, with gold hitting its lowest value since December 11, 2025. This early afternoon, Iran once again threatened to expand the conflict to other fronts, if an agreement with the USA is not reached.
The representatives also stated that the negotiations are stalled and only “in the first stage”. The scenario made the dollar strengthen, putting pressure on gold and silver.
Also putting pressure on metals is the US jobs report, the payroll, which pointed to the creation of 172 thousand jobs in May. The data came well above the median expected by experts consulted by the Broadcast Projectionsof 85 thousand.
For TD Securities, the numbers boost the likelihood of an interest rate increase by the Federal Reserve in early 2027. According to the CME Group, however, the report increased the chances of a monetary tightening starting this year.
For Capital Economics, the Fed should carry out “preventive rate hikes” by the end of 2026, if the job market does not suffer any type of deterioration, but the US Central Bank should wait at least until September to put the changes into practice.
*With information from Dow Jones Newswires.
