Gold prices bounced back above $3,300 per ounce after experiencing their first consecutive weekly losses this year.
Investors are watching the Federal Reserve’s upcoming rate decision meeting while also monitoring trade tensions between the US and China.
Despite recent price pullbacks, gold has performed strongly in 2025, having climbed almost 25% and hitting all-time highs above $3,500 earlier this year.
The price surge reflects concerns about global trade uncertainty, President Trump’s economic policies, and increased buying from both Chinese investors and central banks worldwide.