Mdraghib
Member
Gold prices edged higher in Asian trading on Friday as the U.S. dollar weakened ahead of key payrolls data. However, gains were limited due to easing trade tensions between the U.S. and China. China signaled openness to trade talks but emphasized the need for sincerity and the removal of U.S. tariffs. Meanwhile, President Trump took steps to ease auto tariffs, boosting market sentiment and reducing demand for safe-haven assets like gold.
Despite Friday's rebound, gold is set for a weekly loss of around 2% after three consecutive days of decline. The metal recently hit record highs, but optimism around trade talks shifted investor focus back to riskier assets.
If you're exploring how to trade gold online, keeping an eye on global economic events and political developments like these is essential, as they directly influence price movements.
Despite Friday's rebound, gold is set for a weekly loss of around 2% after three consecutive days of decline. The metal recently hit record highs, but optimism around trade talks shifted investor focus back to riskier assets.
If you're exploring how to trade gold online, keeping an eye on global economic events and political developments like these is essential, as they directly influence price movements.
