Gold price rises to a five-week high of $3,413 as traders shrug off solid economic data from the United States (US), which justifies the current stance by the Federal Reserve (Fed) to hold rates unchanged. However, safe-haven demand, driven by threats to the Fed’s independence, underpins Bullion prices. The XAU/USD trades with gains of over 0.43%, boosted by a weak Dollar and falling US Treasury yields. Data from the US revealed that the economy is growing at a solid pace, exceeding forecasts and the preliminary reading for the second quarter of 2025. Additionally, the number of Americans filing for unemployment ... (full story)