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Safe-haven gold gains on global uncertainty, weaker US dollar
Gold prices rose on Friday as a weaker U.S. dollar and ongoing geopolitical and economic uncertainty boosted demand for the safe-haven metal, while platinum prices eased after reaching their highest level since 2014. Spot gold rose 0.5% to $3,353.80 per ounce, as of 0947 a.m. EDT (13:47 GMT), after falling 1.1% in the previous session. U.S. gold futures were also up 0.5% to $3,360.50. "In the precious metals space, there are gains across the board, courtesy of a weaker dollar," said Marex analyst Edward Meir. "We do not see much of a bearish case in gold over the medium-term given all that is going on, including ... (full story)
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- Jul 18, 2025 11:32am Posted byFundamental Analysis252
