Gold prices closed higher on Friday, recovering from a significant dip earlier in the week and finishing the session with a weekly gain.
The recovery marks a continuation of the rebound that has seen the precious metal stabilize after recent declines.
This move follows a period of volatility, with gold having retreated more than 2% in the previous session.
The rally was fueled by a weakening US dollar and declining yields on US Treasury bonds, as investors rotated into safe-haven assets.
Technical buying interest also contributed to the upward momentum, with the metal joining a broader rally across the metals complex.
This move follows a period of volatility, with gold having retreated more than 2% in the previous session.
The recent price action reflects shifting market sentiment amid ongoing macroeconomic uncertainties.