Gold prices have fallen over the past week, diminishing its allure as a safe-haven asset. Meanwhile, silver and aluminum have experienced notable increases amid escalating geopolitical tensions.
On Friday, gold was trading at $3,372.11 per ounce, down from $3,432.34 just seven days earlier at market close.
In contrast, silver reached a new high not seen since 2012, climbing to $37.3169 per ounce—surpassing its earlier peak this month—before experiencing a slight pullback. Platinum also hit a record level on Thursday, reaching $1,350.17 per ounce for the first time since 2014.
Aluminum prices saw a modest increase, influenced by heightened risks facing producers in the Middle East due to geopolitical and trade uncertainties. On the London Metal Exchange, one ton of aluminum was priced at $2,538 on Friday, up from $2,503 just a week prior at market close.
Cocoa prices declined this week, attributed to favorable weather conditions for bean growth in West Africa and rising inventories. The price for a ton of cocoa scheduled for delivery in December fell to £5,311 in London, marking its lowest point since November 2024, down from £6,228 the previous week at market close.
In New York, the price for a ton set for September delivery was trading at $8,178, compared to $8,952 last Friday at the close.
