Precious metals owned the European session. Gold surged 4.23% to $4,244.77 and silver climbed 4.33% to $61.99, both among the day’s biggest gainers as the London day wound down.
Metals
The rally was broad across the complex. Silver’s kilo contract added 4.68%, edging out the spot move, and palladium tacked on 1.96% to $1,377.78. Platinum lagged with a modest 0.18% gain but sits nearly 8% higher on the month.
Gold’s leap lifts it 3.38% on the week, though its year-on-year gain remains a slim 2.0% β the surge is very much a recent story. Silver, by contrast, holds a 19.34% advance over the past year.
Currencies
The dollar softened across the board, a backdrop consistent with the metals bid. USDNOK fell 0.60% and USDZAR dropped 0.60%, while USDSEK slid 0.48% and USDCAD eased 0.39% to 1.4011.
EUR/USD ticked up 0.16% to 1.15503, and GBP/USD was little changed at 1.34571. The yen was flat against the dollar at 157.72, though it has firmed over the week, with USDJPY down 1.54% over that span.
Equities and Crypto
European stocks leaned lower. The DAX slipped 0.67% to 26,218.31 and the Euro Stoxx 50 fell 0.35%, while Spain’s IBEX 35 bucked the trend with a 0.33% gain. The FTSE 100 was near flat, down 0.10%.
US futures were mixed, with the Nasdaq 100 off 0.80% and the Dow up 0.38%. The Hang Seng was the session’s weakest index, down 0.97%.
Crypto stayed range-bound at the majors. Bitcoin rose 0.91% to $64,631 and Ethereum gained 2.23% to $1,909. The action was in the smaller names β AXS jumped 5.49% and UNI added 5.0%, while Polkadot and Cardano led decliners.
The metals complex remains the clear focal point as attention shifts to the US session.
