Gold is set for its eighth weekly increase, driven by geopolitical and trade tensions, reaching over 1% higher this week. A surge in bullion-backed exchange-traded funds and increased central bank buying have contributed to the metal’s rise. Market concerns include potential changes in US support for Ukraine and the weakening US dollar.
Dollar hovers ahead of PCE and tariff onslaught
The dollar is heading for a steady week and next week’s quarterly loss due to concerns over tariffs slowing U.S. growth, affecting yields, stocks, and
March 28, 2025