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Gold, silver extend weekly losses as Hormuz tensions push crude above $116 - Kitco PM Report

Barchart·10/23/2026 16:42:06
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(Kitco NewsWire) - Spot gold and  silver prices were lower in late U.S. trading Friday, extending a week of heavy selling as renewed concerns about military escalation involving Iran pushed crude oil prices to multiyear highs and reinforced expectations for restrictive Federal Reserve monetary policy.