Gold Faces First Weekly Loss of 2025 as Investors Take Profits
Gold prices fell as the dollar strengthened, with investors cashing out profits from a recent surge that saw the metal gain over 9% this year. The decline came after President Trump announced plans for tariffs on Canada and Mexico, which may impact gold's appeal as a store of value in uncertain times. Investors are now looking to Friday's inflation data for guidance on monetary policy.
- This week's sharp drop in gold prices highlights the sensitivity of bullion markets to shifts in global economic sentiment, particularly with regards to trade tensions.
- How will the ongoing trade tensions between the US and China continue to impact the role of gold as a safe-haven asset in times of uncertainty?