Gold extends rally to four straight weeks as bitcoin slides 38% from peak

Gold ended Friday at $4,523 per ounce, up 0.44%, marking a fourth consecutive weekly gain. Silver was last at $76.11 per ounce, with the gold's-to-silver ratio narrowing to 59.4—its tightest in months—often read as a late-cycle bullish signal for the wider metals complex. Citi forecasts silver at $110 in H2 2026, citing a physical supply shortfall. Bank of America projects gold could reach $6,000 by year-end. India lifted gold import duties to 15% from 6% on Friday, the largest single increase on record.