Rome:Gold prices have plummeted to a 13-month low, dipping below the $3,900 mark on Friday. This decline comes amidst persistently high global energy prices.

According to Anadolu Agency – English, spot gold was trading at $3,880 per ounce at 1750GMT, marking a 3.5% decrease for the day. Over the past month, gold prices have fallen by 7.14%, and they have decreased by 10.19% over the past year.

Silver also experienced a significant drop, with prices falling by 6% to $49 per ounce. This brings silver's year-on-year decline to 31.1%.

Meanwhile, Brent crude futures saw an increase of 2.7%, reaching $113.7 per barrel. Earlier in the week, prices had exceeded $117, marking the highest level since July.

European natural gas prices remained elevated, trading at £103.5 ($115.4) per megawatt-hour, which is near the highest level since late 2022.