Gold Logs Strongest Weekly Gain Since 2026
Gold achieved its best weekly performance since January 2026, rising by 4.8% to approximately $4,265.57 per ounce, supported by falling oil prices and easing inflation concerns. The market is fluctuating as it awaits the upcoming U.S. non-farm payroll data, which could clarify the course of U.S. interest rates, with a 55% probability of a rate hike in September. Despite the increase in gold prices, it is negatively affected by higher interest rates, which reduce its appeal as a safe haven.
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