Gold And Silver Could Snap Longest Losing Streak In Months As Metals Remain Volatile

BreakingBusinessGold And Silver Could Snap Longest Losing Streak In Months As Metals Remain VolatileByConor Murray,Forbes Staff. Murray is a Forbes news reporter covering entertainment trends.Follow AuthorJun 12, 2026, 09:56am EDTToplineGold and silver are making gains Friday morning, the first time in nearly a week the precious metals haven’t shed value, potentially marking an end to their longest losing streak in months, though both metals are expected to remain volatile amid the Iran war and expectations of future interest rate hikes.Gold bullion can be seen after being removed from casts at the ABC Refinery smelter in Sydney on April 29, 2025. (Photo by DAVID GRAY / AFP) (Photo by DAVID GRAY/AFP via Getty Images)AFP via Getty ImagesKey FactsThe price of silver is about $67 as of 9:30 a.m. EST Friday morning, up nearly 5%, though silver hit an intraday high above $68 earlier in the morning.Gold is also up nearly 3% to $4,223.70 as of 9:30 a.m. after hitting a high of $4,267.80 earlier in the session. Gold and silver declined for five straight sessions as of Thursday, the Wall Street Journal reported, which the Journal said marked their longest losing streaks since late March, suggesting the metals could snap this streak Friday. Analysts at Saxo Bank attributed the metals rally to President Donald Trump cancelling planned strikes on Iran on Thursday and claiming that a peace deal to end the war, which has generally caused metals prices to decline, is close.Oil prices fell after Trump called off the Iran strikes, also a boon for metals, as gold and silver have generally traded inversely with oil throughout the Iran war.Gold and silver are expected to remain “vulnerable,” analysts at Sucden Financial said Friday, noting a firm dollar has put downward pressure on metals while the market remains “sensitive to both Fed communication and Middle East headlines.” if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe');...