Gold Prices Rise for the Fifth Consecutive Week

Gold prices rose on Friday, continuing their upward trend for the fifth consecutive week. This increase is driven by investor concerns over tariffs and anticipation of an inflation report that could shed light on the Federal Reserve’s monetary policy direction.

In spot trading, gold gained 0.1%, reaching $2,795.92 per ounce, marking an increase of approximately 1% for the week.

Among other precious metals, silver rose by 0.4% to $31.54 per ounce, while platinum inched up 0.1% to $967.80. However, palladium declined by 0.2%, settling at $987.10.