Reversing gains from yesterday's session, gold prices have plummeted on Friday as economists assessed today's strong non-farm payrolls data, which supported the potential for an interest rate hike by the U.S. Federal Reserve.
Front Month Comex Gold for August month delivery has plunged by $142.80 (or 3.17%) to $4,362.20 per troy ounce.
Front Month Comex Silver for August month delivery has nosedived by $4.775 (or 6.43%) to $69.485 per troy ounce.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.