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Gold continues its bullish run, heading for a sixth consecutive weekly gain as new trade tensions spark safe-haven demand.
The precious metal reached an all-time high of $2,882.16 on Wednesday, with spot gold trading at $2,865.36.
The new administration’s commitment to tariffs has heightened global economic uncertainty, boosting gold’s safe-haven appeal. While physical demand remains muted in key markets like India and China due to record prices, investors are focusing on the upcoming U.S. non-farm payrolls report, expected to show job growth slowing to 170,000 in January from December’s 256,000.
This economic backdrop, combined with trade tensions and the Fed’s cautious stance, continues to support gold’s upward momentum.
