Gold slips 0.39% to $4,124.75/oz in New York, silver gains 1.50%

The divergence within precious metals is the more telling signal here: gold's modest pullback alongside silver's stronger gain and copper's advance points to a rotation toward industrial-demand exposure rather than a broad safe-haven bid. That split matters for traders tracking whether the metals complex is pricing growth expectations or hedging risk. The intraday swing in gold, from a session low to a rebound near the highs before settling lower, suggests two-way conviction rather than a clean trend. Whether silver's outperformance persists against gold is the open question worth watching.