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Gold

Investors Turn to Gold Amid Trade Friction and Weak Jobs Data

Timeless Wealth: How Gold and Silver Have Anchored Economic Stability for Centuries
Timeless Wealth: How Gold and Silver Have Anchored Economic Stability for Centuries

Gold climbed to its highest level in over two weeks as trade tensions and expectations of interest rate cuts boosted safe-haven demand.

President Trump’s new tariffs took effect, sparking global trade friction, while U.S. jobless claims rose to a one-month high—fueling speculation that the Federal Reserve will cut rates soon.

Analysts say that if economic data continues to weaken, gold could see even stronger support. With uncertainty rising and rate cuts likely, gold’s role as a safe-haven asset is once again in focus.

Eight more from the desk

Other dispatches from the bullion wire.