Gold and silver prices fell sharply on Friday, snapping a powerful rally that had carried both metals to record highs in recent weeks.

Gold and silver prices keep notching fresh records. The question now facing investors is whether the surge reflects genuine demand.

Gold and silver prices fell sharply on Friday, snapping a powerful rally that had carried both metals to record highs in recent weeks.

Precious metals hit record highs in late January as investors flocked to the so-called safe haven assets.