Gold prices are slightly down on Friday morning. The markets are in a holding pattern as traders anticipate the next major fundamental event to influence daily price movements. The price of gold is trading at $2,422.93, down $4.60. The price of silver is trading at $27.34, down 20 cents. Gold ended its five-day losing streak, trading near $2,415 an ounce, as broader market rallies and positive economic data influenced traders. The rebound was partly driven by Labor Department data showing a significant drop in unemployment benefit applications, easing fears of a hard landing. Analysts noted that gold has been behaving like a risk asset, moving in tandem with equities and tech stocks. Despite recent volatility in global markets and concerns about a potential US recession, gold’s haven status remains intact, with experts suggesting it could rebound further as market conditions stabilize. Other metals, including silver and platinum also saw gains.