Gold and Silver Edge Higher While Bitcoin Retreats in Friday Market

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Gold outpaced other major assets on Friday, climbing ▲ 0.49% to 4,377.60 USD per ounce. Silver followed suit with a more modest 0.17% gain, settling at 64.83 USD. Both metals traded within established ranges as demand remained steady in early session trading.

Cryptocurrencies

Digital assets turned negative, with Bitcoin shedding 0.64% to reach 63,016.00 USD. The largest cryptocurrency traded between 62,938.00 and 63,519.00 USD throughout the session. Ethereum declined more modestly, down ▼ 0.18% to 1,881.57 USD, having ranged between 1,879.51 and 1,887.34 USD.

Currency Markets

The US dollar held firm against major currencies while remaining pegged to Gulf currencies. The euro weakened slightly, with USD/EUR declining ▼ 0.15% to 0.8646 EUR, trading between 0.8646 and 0.8659 EUR. Sterling faced steeper pressure, with USD/GBP falling ▼ 0.44% to 0.7389 GBP and reaching as high as 0.7422 GBP. The dollar held steady against Gulf peers: USD/QAR, USD/SAR, and USD/AED remained unchanged at 3.6400, 3.7500, and 3.6725 respectively.