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Professional, Gold Simple from the record high on the eighth weekly benefit

22 February 2025

Gold prices rose on Friday as investors made a profit from the previous session’s record high, but the eighth straightforward weekly benefit was fixed by strong demand for US President Donald Trump’s concerns about tariff plans.

Spot Gold 02:24 AM ET (1924 GMT), from 0.1% to 9 2,939.63 shades an ounce t. Bullion on Thursday increased by about 1.9% this week.

US Gold Futures settled at 0.1% lower $ 2,953.20.

“It is just a classical movement to get new -time S fornifying and profit … (but) gold fundamentals remain solid,” Alex Abacian said Alexeon Gold Chief Operating Powering Officer Alex Abecin said.

Prices have dispersed two records for trading over $ 2,950 this week, as uncertainties around global economic growth and political instability have shown the appetite of Bullion investors, which has risen 11.5% so far in 2025. “Demand for gold is currently being operated mainly. By Western investors and central banks.

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Trump’s duties on the fresh and forest products of the tariff plans announced earlier this week include the duties on the previously announced cars, semiconductors and pharmaceuticals.

This comes after an additional 10% tariff on Chinese imports and 25% tariff on steel and aluminum.

“Gold has not played a safe role in gold, because it is not significant to move from dangerous property to people, still on the side of the money,” Ibacri said.

Given that Trump’s policies are seen as inflation, investors are also keeping an eye on the US Federal Reserve’s interest rate. Ingic inflation may force the Fed to maintain interest rates, thus reducing non-yielding gold temptation.

Spot Silver was down 0.9%. Both metals proceeded for weekly benefits.

Platinum shades 1.1% to 67 967.40 and eyes weekly.

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