A jeweler displays gold and silver bars at his shop in downtown Kuwait City on January 12, 2026.
Yasser Al Zayat | AFP | Getty Images
Gold and silver prices fell on Friday after hitting record highs the previous day as investors booked profits after record gains this year.
Spot gold prices fell more than 4% to $5,156.64 an ounce. The yellow metal has remained around 20% higher since the beginning of the year.
“A correction with consolidation around $5,000 would be a normal pattern in a bull market,” Ed Yardeni, president of Yardeni Research, told CNBC. “What’s amazing is that it went from $3,000 to $5,500 without any significant correction… So far, this is more of a crash than a traditional bull market for precious metals.”
Silver prices fell more than 5% to $110.26 an ounce. Year-to-date, white metal prices remain 53% higher.
Most Asia-Pacific stock markets fell, tracking losses in the S&P 500 and the tech-heavy Nasdaq.
Australia’s S&P/ASX 200 fell 0.65% to 8,869.1.
South Korea’s Kospi rose to 5,224.36, while the small-cap Kosdaq fell 1.29% to 1,149.44. Japanese Nikkei Stock Average closed 0.1% lower at 53,322.85, while Topix rose 0.59% to 3,566.32.
India’s Nifty 50 and BSE Sensex were down 0.3% as of 2:50 pm local time.
Hong Kong’s Hang Seng index fell more than 2% to close at 27,387.11, while the mainland’s CSI300 index fell 1% to 4,706.34.
Customers of HSBC, Hong Kong’s largest bank, were unable to access the lender’s mobile banking app on Friday. A bank spokesperson said services were gradually returning to normal. The bank’s shares closed down 0.5% in Hong Kong.
Oil prices fell after US President Donald Trump reportedly said he would talk to Iran, even as the US sent another warship to the Middle East and Defense Secretary Pete Hegseth said the military was ready to act on the president’s instructions. President Trump did not provide details about the scope or timing of the meeting or who would lead it.
Global benchmark Brent crude oil fell 1.43% to $69.7 per barrel, while US West Texas Intermediate futures were trading 1.65% lower at $64.33 per barrel.
futures tied to S&P500 fell 0.16% Nasdaq 100 futures. dow futures It fell by 112 points (approximately 0.2%). President Trump also supported a Senate deal that funds much of the federal government through the remainder of the fiscal year, reducing short-term political uncertainty for investors.
Senators struck the deal with just over a day left before a partial government shutdown. They agreed to remove funding for the Department of Homeland Security from the package and pass the remaining five bills, while providing stopgap funding to DHS.
One night in America S&P500 fallen, stuck microsoftas traders reacted to the giant tech company’s latest earnings results and the Federal Reserve’s interest rate decision.
The broader market index fell 0.13% to end at 6,969.01. Nasdaq Composite It fell 0.72% to end at 23,685.12. of Dow Jones Industrial Average It advanced by 0.11% (55.96 points) and settled at 49,071.56. In cryptocurrencies, Bitcoin The stock fell more than 5% to its lowest level in nearly two months.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
