Gold breaks below triangle support and appears set to decline further, while silver is correcting from the $39.50 resistance ...

Since launching way back in mid-May 2006, the GDX VanEck Gold Miners ETF has grown into the most-popular sector benchmark.

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For example, from 1915 to the early 1930s, gold was priced around $20 per ounce. Then in the mid-1930s, gold was priced at $35, which was effectively its reference price for three more decades.

Gold settled up nearly 1.7% Friday, and silver rose 0.6%. For the week, gold ended higher, while silver was down.

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Markets end flat amid F&O expiry and Fed jitters; L&T gains 4.7% post Q1 results. Rupee breaches 87.40/USD; Nifty holds above 24,850, gold surges ₹400.

Spot gold was higher and Comex gold futures were likely extending their downward correction, RHB Retail Research said.