Quick overview

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Gold rose amid market unease and a weaker dollar, following three weeks of weekly gains, driven by uncertainty surrounding US trade policy.

 

 

Many buyers found the metal more affordable due to the declining value of the dollar, and gold’s recent surge has helped it recover from a sharp decline.  Gold prices increased as elevated geopolitical tensions and investor apprehension of sovereign bonds and currencies persisted, with strategists anticipating short-term volatility

Gold increased as the dollar suffered and markets became uneasy due to increased uncertainty over US trade policy following a run of three weekly gains,

The yellow metal increased by as much as 1.4 percent at $5,180 an ounce, following the Supreme Court’s decision to reject his use of emergency powers to impose duties.

President Donald Trump announced on Saturday that he would impose a 15% global tariff in order to maintain measures.

Many buyers found the metal more affordable because of the declining value of the dollar.

The US has a sizable military presence in the area, raising fears that there may be limited strikes or a full-scale conflict while the two countries negotiate a possible agreement over Iran’s nuclear program.