20th Anniversary Deals: Get Them While They Last
Gold is heading toward its eighth consecutive weekly gain, trading around $2,927 per ounce, driven by strong haven demand and growing ETF holdings.
Trading near $2,927 an ounce, the precious metal has benefited from multiple tailwinds, including robust ETF inflows exceeding 16 tons this week alone, marking the largest weekly increase since 2023.
The rally has been fueled by geopolitical uncertainties, particularly concerns over President Trump’s potential meeting with Vladimir Putin regarding Ukraine, which could sideline European allies. After gaining 27% in 2024, gold’s appeal has been further enhanced by a weakening US dollar and Goldman Sachs’ bullish outlook, with the bank raising its year-end target to $3,100 per ounce.
