Gold climbs 2% to $4,322

Gold prices rose by approximately 2% to $4,322.10 per ounce, marking the biggest weekly gain since January. This increase was driven by reduced inflation concerns linked to a peace agreement in the Middle East, which led to lowered expectations for a U.S. interest rate hike. Additionally, gold prices increased in spot transactions, and U.S. futures contracts rose by 2%, as investors awaited the release of non-farm payroll data in the United States. Furthermore, other precious metals such as silver, platinum, and palladium also experienced weekly gains, with continued expectations of strong performance throughout the week.

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