Gold and silver prices witnessed a significant surge on Friday, driven by shifting global market sentiments. The rally comes as investors scaled back expectations of future US Federal Reserve interest rate hikes following softer-than-expected U.S. nonfarm payrolls data. This cooling economic indicator has put global gold on track for its first weekly gain in five weeks.
Gold prices witnessed a slight decline on June 16 as global markets reacted positively to a framework agreement between the United States and Iran aimed at ending months of conflict in West Asia.
