Gold Prices Surge Amid U.S. Fiscal Concerns and Tariff Threats
Gold prices climbed 1.9% on Friday, reaching over $3,350 per ounce, marking a nearly 5% gain for the week—the strongest since early April.
This rally is fueled by investor concerns over the U.S. fiscal outlook and escalating trade tensions.
President Donald Trump’s proposal of a 50% tariff on European Union goods has heightened demand for safe-haven assets like gold.
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