Gold and silver prices have fallen sharply from their record highs. This profit-taking move follows rapid gains this year. Asian stocks showed mixed performance. US share futures edged lower. Treasuries advanced. Oil prices rose for a second day. Several factors contributed to the precious metals’ decline.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.