Gold prices rose over 1% on Friday as the dollar weakened by 0.3%, bringing spot gold to $3,332.88 per ounce and contributing to a nearly 3% weekly gain. The precious metal, which has increased more than 27% since the beginning of the year, found support from ongoing geopolitical tensions—including escalating military conflicts between India and Pakistan and uncertainty surrounding U.S.-China trade relations. President Trump’s comment that 80% tariffs on Chinese goods “seems right” ahead of weekend trade talks added to market concerns. Despite the current rise, some analysts suggest gold might be entering a period of consolidation after its strong performance.

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