Reported 2 days ago
Gold prices fell, approaching a nearly 2% loss for the week, as traders awaited crucial US economic data on personal consumption expenditures, a key inflation metric for the Federal Reserve. Investors remain concerned about the effects of President Trump's trade policies and renewed tensions with China, which have heightened gold's appeal as a safe haven. Despite the drop, analysts maintain that gold will serve as a hedge against inflation in long-term portfolios.
Source: YAHOO