Weekly Markets Monitor: Gold above US$3,200/oz

From gold.org

Trade tensions steered sentiment last week. Trump's temporary tariff relief boosted optimism, but mixed economic data and lingering trade uncertainty kept volatility elevated. Growth concerns prompted central banks in India, New Zealand, and the Philippines to cut. • Global stocks rebounded after the tariff pause, with US shares getting an extra boost from strong bank earnings. Treasury yields spiked and the dollar fell. And oil broke lower from its range. • Gold jumped above the US$3,200/oz, setting another record despite the sharp rise in yields. The strong trend remains intact with key technical resistance at ... (full story)