Gold prices closed higher on Friday, extending a recovery that has seen the precious metal rebound from recent lows.
The rally was fueled by a weakening US dollar and declining yields on US Treasury bonds, as investors reassess the outlook for US monetary policy.
5%, reflecting the volatility that has characterized the market in recent sessions.
Despite the daily gain, the metal finished the week with a loss of 3.5%, reflecting the volatility that has characterized the market in recent sessions.
The move in gold underscores the ongoing sensitivity of safe-haven assets to shifts in the dollar and interest rate expectations.
As Treasury yields softened, the opportunity cost of holding non-yielding assets like gold decreased, providing support for prices.
This dynamic has been a key driver of the metal's performance, with traders closely monitoring any signals regarding the Federal Reserve's future policy path.