Gold regained traction on Friday and rose about 1.7% for the day, to hit two-week high ($3365) and being on track for the biggest weekly gain since early April. The metal shined on growing concerns over worsening US fiscal situation and warning from top US bankers that the economy is likely to enter stagflation, while.
Silver price trades sideways around $34.00 as investors await the release of a detailed reciprocal tariff plan by US President Trump on Wednesday. Trump tariffs will result in a downgrade of global economic growth, including the US. Fed Daly’s confidence has declined in her expectations of two interest rate cuts this year. Silver price (XAG/USD)
Gold’s significance as a safe haven amid geopolitical uncertainty Gold’s long-term trajectory remains firmly intact, as evidenced by its consistent bullish trend on the weekly chart. Its role as a safe-haven asset has become increasingly crucial in today’s financial market, especially amid escalating geopolitical tensions and economic uncertainty. The ongoing U.S. tariff war with Canada,