Precious Metals Continue to Decline

The prices of precious metals experienced a continued decline on Friday, as investors assessed the impact of recent developments in the Middle East.

In the Middle East, tensions appeared to subside following the fall of the Syrian regime and rumors of a potential ceasefire deal in Gaza. This situation influenced the market, leading to a drop in the prices of precious metals.

Gold extended its decline, dropping 1.09% to sell for $2,650.52 per ounce. Meanwhile, silver decreased 1.65% and sold for $30.46 per ounce. The price of platinum also fell by 1.15%, trading for $923.58 per ounce, whereas palladium slumped by 2.13% exchanging for $939.58 per ounce.