Gold jumps over 2% on safe-haven demand amid Trump tariff fears

May 24, 2025

Gold prices surged over 2% on Friday, marking their best week in six, driven by investors seeking refuge in the safe-haven asset. Renewed tariff threats from U.S. President Donald Trump and a weaker dollar fueled the rally. Platinum also saw gains due to tight market conditions, while silver rose and palladium slipped, all posting weekly gains.

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