Gold (GC=F) hovered near $5,400 after falling from a high north of $5,600 per ounce on Thursday while silver (SI=F) steadied after a choppy session as the precious-metals rally paused. The volatility came alongside a wider sell-off in the stock market on Thursday with tech declining following Microsoft's (MSFT) quarterly results. The rapid rally in precious metals faced resistance as the US dollar (DX-Y.NYB) rebounded from its lowest level since early 2022. “The continued surge across metals, especially gold and silver, is entering a dangerous phase, in my opinion,” Ole Hansen, head of commodity strategy at Saxo Bank, said on Thursday. Click here for in-depth analysis of the latest stock market news and events moving stock pricesRead the latest financial and business news from Yahoo Finance