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Gold poised for weekly gain on dollar weakness, safe-haven demand
Gold prices rebounded on Friday and were heading for a weekly gain, helped by a retreat in the U.S. dollar and safe-haven inflows as U.S. President Donald Trump's deadline for trade deals loomed. Spot gold was up 0.3% to $3,334.47 per ounce, as of 1002 GMT. The precious metal is up about 1.9% this week. U.S. gold futures gained 0.1% to $3,344.70. The dollar index slipped 0.2% and was on track for a second week of decline, making gold less expensive for other currency holders. "The apprehension about the fiscal situation in the U.S. (after Trump's sweeping tax-cut bill passed Congress) and the lingering ... (full story)
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- Jul 4, 2025 8:56am Posted byFundamental Analysis231
