Precious metals slump on Friday

AFTER a strong start to 2021, gold and silver took a hit on Friday due to a rising US treasury yields and a higher dollar.

Precious metals slump on Friday Precious metals slump on Friday Precious metals slump on Friday Precious metals slump on Friday Precious metals slump on Friday

Gold futures dropped 4.1% to US$1835.40 an ounce.

Since our last First Call on December 22, gold rose as high as $1954/oz on January 5, but has plunged in the days following the events in the US.

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