Gold and Silver Rally from Heavy ETF Outflows Across First Week of Middle East War

Gold and Silver Rally from Heavy ETF Outflows Across First Week of Middle East War GOLD and SILVER rallied late-Friday in London as a shock drop in US jobs data followed heavy selling by investors in New York's largest bullion-backed ETF trust funds despite the worsening death and destruction in the Middle East. Western stock markets slumped again, knocking 3.6% off the MSCI World Index over this first week of the war, while crude oil leapt through $90 per barrel of Brent, hitting 2-year highs almost 25% above last Friday's finish. Gold fixed at 3pm around $5130 per Troy ounce in London, up 2.6% from Tuesday's spot gold price slump to $5000 and failing to set a new week-end record for only the 3rd time in ten Fridays so far this year.