Reported 1 day ago
Gold is on track for its eighth consecutive weekly gain due to rising demand stemming from geopolitical tensions, as indicated by increased holdings in bullion-backed ETFs. Despite a slight dip below $2,928 an ounce, gold remains over 1% higher this week. This performance indicates the longest winning streak since 2020, spurred by concerns over U.S. foreign policy and a weakening dollar, with significant inflows into ETFs marking the largest weekly increase since 2023.
Source: YAHOO