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Gold falls to $5,000, silver tumbles 13% as precious metals rally come to a halt
Yahoo Finance· 2026-01-30 13:44
Gold (GC=F) fell 6% to around $5,000 per ounce on Friday while silver (SI=F) tumbled 13% in a sharp reversal of this year's massive rally in precious metals. The volatility came alongside a wide stock market sell-off, with the major averages set to open in red territory following a slide in tech stocks. "The higher metals rise, the more likely 2026 will mark enduring price peaks — notably for silver — if history is a guide," wrote Mike McGlone, senior commodity strategist at Bloomberg, on Friday. "The ...