Gold Above $4,700 and Silver Surges $4 as Iran Peace Headlines Hit
Spot gold closed Friday at 4,706 dollars per ounce, up 0.43 percent on the session and on track for a weekly gain above 2 percent. Year over year, the metal is up 41.58 percent. Silver added 5.22 percent on Thursday alone, with the spot price jumping 4.03 dollars to 81.19. The macro setup is friendly and the move looks flow-driven rather than headline-driven.