(Bloomberg) – Gold has stabilized after falling below $ 4,000 per gram in the previous session, while Silver expanded losses, as investors took profits after a rally that sent prices to the highest since 1980. Bullion traded nearly $ 3.980 a gram on Friday, after losing 1.6% in the previous session. Technical meters show that the precious metal has been most of the overbought area over the past month, asking some investors to include profits after a four -day fast -to -win streak that drove the prices to a $ 4,059,31 per gram on Wednesday. Silver also withdrew after affecting $ 51,235 an ounce on Thursday – the highest in more than four decades. The metal still has about 70% higher than this year, which easily surpasses Gold’s lead. The rally is part of a broad interest in precious metals, fueled by the fear of an over -heating stock market, fiscal pressure in the US and threats to the independence of the federal reserve. The selloff coincided with Thursday’s slide in US stocks. While gold is often regarded as a haven during the market turmoil, it can descend with risks when investors liquidate positions to cover losses elsewhere. Nevertheless, Bullion is still on track for an eighth weekly progress. “Gold, silver, crypto and a large part of the S&P 500 have all moved through the US trade – although with diverse betas – as the technical picture shows proof that the heat is coming out of the move,” Chris Weston, head of research at Pepperstone Group Ltd., said in a note. “The strong momentum that delivered new highlights day after day has liked to reduce the exposure of extensive positions with some traders and locked up the performance.” Precious metals gained momentum as part of the so -called “debasement trade”, in which investors stream to the perceived safety of bitcoin, gold and silver while moving away from major currencies such as the dollar. Concerns about the value of financial securities will be eroded by inflation and unsustainable fiscal deficits increase their attraction. Spot Gold was steady at $ 3,987.04 per gram at 07:47 in Singapore. The Bloomberg Dollar Spot Index has been changed little after rising to a peak of 10 weeks in the previous session. Silver was 0.2% lower, after achieving as much as 4.8% on Thursday. Platinum and palladium advanced. Silver often moves in tandem with gold and shares its strong negative correlation with the US dollar and US interest rates. But the metal also has industrial applications in solar panels and wind turbines, which collectively sell more than half of all silver. The demand will exceed the supply for the fifth consecutive year in 2025. The silver market in London has now sharpened an almost unprecedented degree, leading to the high borrowing costs. This year, the fear that the US could charge rates on silver, urged a line to send the metal to the US, subtract stock in London and reduce the amount of material available to borrow.
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