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Gold is pulling back, prices drop

ByVictoria

Gold prices dropped more than 1% on Friday as markets digested the latest tariff developments, while a softer inflation report in the US kept hopes for a rate cut alive.

Spot gold fell back below $3,300 an ounce during the morning session, trading at $3,281.24 for an intraday gain of 1.1% by 10:45 a.m. ET. US gold futures also fell 1.1% to $3,307.40 an ounce in New York.

“Gold, at this point in time, is pulling back off these recent highs and is in a consolidation period,” said David Meger, director of metals trading at High Ridge Futures

“Gold is under slight pressure as we’re seeing a little lesser need for safe haven, but it does look like there is going to be significant pushback from Trump and that will eventually help prices.”

Source – Mining.com

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  • Pittsfield Precious Metals, (Pittsfield, MA)

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    Founding Member Spotlight: Pittsfield Precious Metals

    For more than 44 years, Pittsfield Precious Metals has been a trusted destination for gold, silver, coins, fine jewelry, and estate pieces in the Berkshires. With a GIA Graduate Gemologist on site, a certified X‑ray precious metals testing lab, and decades of expertise, they bring unmatched professionalism to every transaction.

    Whether you’re buying, selling, or evaluating a collection, Pittsfield Precious Metals delivers accuracy, transparency, and long‑standing community trust.

    📍 93 First Street, Pittsfield, MA
    🕒 Mon–Fri 10–5:30, Sat 11–3
    💎 Coins • Jewelry • Diamonds • Bullion • Estates
    🌐 Visit their website to learn more

    Proud to welcome them as a Founding Member of Victoria’s Coin.

    If you’d like to see their listing please visit the Massachusetts page and give them a call today or if you’re in the area head on over and meet the team.

    -V.