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
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.