(Kitco NewsWire) - Spot gold prices were modestly higher and spot silver prices were sharply lower in late U.S. trading Friday, as persistent inflation concerns, elevated Treasury yields and expectations for additional Federal Reserve tightening continued to weigh on precious metals.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.