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Gold’s Winning Streak Continues Amid Weak Economic Data and Trade Tensions

Published: 03-10-2025, 08:07 am

Gold has maintained its position near $2,910 per ounce after gaining almost 2% last week, supported by growing concerns about the global economy.

The precious metal has been rallying throughout early 2025, hitting multiple record highs amid anxiety over Trump’s trade policies, central bank buying, and potential Fed rate cuts.

Recent weak US economic data has strengthened expectations for further rate reductions, which typically benefit non-interest-bearing assets like gold.

Original Source: Yahoo Finance

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