Gold futures pop higher, poised for strongest weekly gain since May

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Metals Stocks

Last Updated: Oct. 22, 2021 astatine 10:18 a.m. ET First Published: Oct. 22, 2021 astatine 8:25 a.m. ET

Silver prices for a play summation of implicit 6%

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Gold futures headed higher connected Friday, with bullion connected way for the sharpest play summation since May, arsenic investors turned to precious metals amid increasing concerns that rising ostentation successful the aftermath of COVID-19 whitethorn erode purchasing power.

Gold and metallic are “supported by expanding worries astir problematic terms ostentation and by a little U.S. dollar scale to extremity the trading week,” said Jim Wyckoff, elder expert astatine Kitco.com, successful a regular note. Gold is often perceived arsenic a hedge against rising inflation.

The...

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