Gold edged lower on Friday but was still set for a third straight weekly gain, supported by the two-week U.S.-Iran ceasefire and reduced concerns that the Federal Reserve will raise rates again this year. The price action reflects a modestly risk-on backdrop for gold, though the metal remains near a constructive weekly trend.
Gold edged lower on Friday but was still set for a third straight weekly gain, supported by the two-week U.S.-Iran ceasefire and reduced concerns that the Federal Reserve will raise rates again this year. The price action reflects a modestly risk-on backdrop for gold, though the metal remains near a constructive weekly trend.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request a DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
