NYMEX Gold and Silver Futures Trade Higher on Friday, Feb 6

Gold and silver futures trade higher on NYMEX as Asian equities rise and U.S. dollar weakness eases supply-side pressure on precious metals. Gold futures (GL1) closed at $2,345.80 per ounce, up 0.7%, while silver futures (SI1) ended at $30.85 per pound, up 1.2%. The Shanghai Composite and other Asian indices advanced on the same day, contributing to heightened investor risk appetite. Meanwhile, the U.S. dollar index fell to 102.30, providing tailwinds for commodities priced in dollars.