Reported about 19 hours ago
Gold is on track for its largest weekly increase since October of the previous year, fueled by increased demand for safe-haven assets due to the escalating Russia-Ukraine conflict and supportive comments from the Federal Reserve regarding lower interest rates. As of Friday, gold rose to $2,687.71 an ounce, with expectations of further growth in 2025 highlighted by leading financial institutions. This week alone, gold has increased by 4.9%, marking its best performance since last October.
Source: YAHOO