Gold, silver prices today: Comex extends weekly losses amid renewed Middle East tensions

Gold and silver futures extended weekly losses on Friday with Comex gold falling $59 per troy ounce to $4,081 and Comex silver declining nearly $1.5 to $59.25, amid renewed Middle East tensions and concerns that persistent geopolitical risks could keep interest rates elevated for longer. MCX gold futures fell nearly Rs 2,000 per 10 grams to Rs 1,43,324 while MCX silver dropped nearly Rs 5,000 per kg to Rs 2,21,500, erasing most of last week's gains. The Federal Reserve's June meeting minutes showed only a few policymakers supported a rate hike, though markets continue to price in at least one Fed rate hike by end-2026.