At the New York close on August 14, international precious metals futures showed mixed performance. Spot gold rose 0.6% to $4,375.67 per ounce, marking a weekly gain of 0.81%; COMEX gold futures increased 0.26% to $4,432 per ounce, up 0.73% for the week. Gold prices were supported by weakening U.S. economic data, cooling expectations for Federal Reserve rate hikes, uncertainties in the Middle East, and central bank accumulation. Spot silver rose 0.40% to $64.667 per ounce, with a weekly gain of over 1.8%; COMEX silver futures fell 0.26% to $64.83 per ounce, but still posted a weekly increase of 2.09%

On Friday (August 14), at the New York close, international precious metals futures finished with mixed results. Spot gold initially fell before rising, ending the day up 0.6% at $4,375.67 per ounce, for a cumulative weekly gain of 0.81%. COMEX gold futures rose 0.26% to $4,432.00 per ounce, up 0.73% for the week. Weakening U.S. economic data cooled expectations for Federal Reserve rate hikes, while uncertainties in the Middle East and long-term net gold purchases by central banks provided underlying support for gold prices. Spot silver rose 0.40% to $64.667 per ounce, accumulating a weekly gain of over 1.8%. COMEX silver futures fell 0.26% to $64.83 per ounce, but still recorded a cumulative weekly increase of 2.09%.