Gold futures rise, silver futures decline on Friday

International gold and silver prices ended mixed on Friday.

On the New York Mercantile Exchange, gold futures for August delivery rose 1.34 percent to settle at 4,593.00 U.S. dollars per ounce, while silver futures for July delivery edged down 0.05 percent to close at 75.875 dollars per ounce.

U.S. stocks ended higher on Friday, propelled by a rally in technology shares following standout earnings from hardware giant Dell Technologies.

The Dow Jones Industrial Average rose 0.72 percent to 51,032.46. The Standard and Poor's 500 added 0.22 percent to 7,580.06. The Nasdaq Composite Index increased by 0.2 percent to 26,972.62.

Despite the positive performance of the headline indices, nine of the 11 primary Standard and Poor's 500 sectors ended in the red, with consumer staples and communication services leading the laggards by dropping 2 percent and 1.7 percent, respectively. Technology and financials were the only gainers, rising 1.87 percent and 0.56 percent, respectively.

The technology sector's strength was anchored by Dell Technologies, whose shares skyrocketed 32.76 percent after the enterprise hardware provider delivered a significant first-quarter revenue and profit beat alongside an upward revision to its full-year fiscal guidance. The robust results re-energized broader confidence in AI infrastructure demand. Memory chipmaker Micron and mobile chip pioneer Qualcomm capitalized on the positive momentum, advancing more than 5 percent and 3 percent, respectively.

Conversely, consumer-centric and retail companies faced severe downward pressure following a wave of soft quarterly reports. Gap sank over 15 percent and American Eagle Outfitters dropped nearly 12 percent as corporate outlooks pointed to a tightening retail environment.

Big-box giant Costco Wholesale fell almost 4 percent, and cybersecurity firm SentinelOne pulled back over 8 percent after its execution strategy failed to satisfy heightened investor expectations.