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Gold prices surged over 2% on Friday, marking their best week in six, driven by investors seeking refuge in the safe-haven asset. Renewed tariff threats from U.S. President Donald Trump and a weaker dollar fueled the rally. Platinum also saw gains due to tight market conditions, while silver rose and palladium slipped, all posting weekly gains.
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News and Media
The US dollar faced a broad decline on Friday. Investors sold off the currency due to President Trump's escalating trade war. He suggested tariffs on the European Union. This action renewed worries about the impact on the global economy. The Japanese yen gained strength. Data showed Japan's inflation rose. The British pound also increased against the dollar.
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News and Media
American stock markets experienced a decline on Friday. This downturn resulted in a weekly loss. Donald Trump's proposal of 50% tariffs on European products triggered this fall. Technology and communication sectors faced significant losses. Apple's stock also dropped following tariff warnings. Trade tensions and tariff talks contributed to market uncertainty.
Category:
News and Media
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