Gold on Pace to Log Eighth Weekly Advance as ETFs Lure Inflows
Gold is poised for an eighth consecutive weekly gain driven by robust haven demand sparked by geopolitical and trade tensions. The precious metal has hit successive records this year, climbing 27% in 2024 amidst mounting concerns over President Trump's disruptive policies. As the US dollar weakens, investors are flocking to gold as a safe-haven asset.
- The growing reliance on bullion-backed ETFs to hedge against market volatility highlights the increasing uncertainty and fragmentation of global risk management practices.
- How will central banks' response to the ongoing inflationary pressures and trade tensions shape the long-term trajectory of gold prices and the broader monetary landscape?