News

Amid winds of war, trade fragmentation, and central banks hunting for strategic reserves, gold cements its status as the ultimate shield against global uncertainty. On international markets, prices are consolidating at around $4,100 per ounce (approximately €3,650 per ounce), while in retail trade, 24k pure gold holds firm at around €117.40 per gram.Anchoring the price are not merely economic fundamentals, but an enduring geopolitical risk premium: with ongoing flashpoints in the Middle East and Eastern Europe, the yellow metal remains the sovereign currency for those seeking shelter when the world trembles.

[Source: Kitco news]

Gold closes the week around $4,055 per ounce (approximately €116.50/g for 24-karat), posting an intraday decline of roughly 1% driven by profit-taking. Despite the daily slowdown, the weekly performance remains solid with an overall gain exceeding 4%, supported by a weaker US dollar and the recent US elections. Over the medium term, the precious metal continues its consolidation phase: following all-time highs above $5,600 reached earlier this year, prices are feeling the pressure of the Federal Reserve’s restrictive stance on interest rates, while still maintaining a robust floor above the psychological $4,000 threshold thanks to strategic central bank purchases and geopolitical hedging.

[Source: Trading Economics]

A buying rush on the precious metal accelerates with gains exceeding 2%, pushing prices above the psychological threshold of $4,100 per ounce (approximately €118 per gram). Driving the surge are a weakening dollar and persistent international geopolitical tensions, which continue to fuel demand for safe-haven assets. Lingering inflationary concerns and anticipation surrounding upcoming central bank interest rate decisions also play a key role, prompting investors to hedge their portfolios. According to analysts, the primary trend remains distinctly bullish as long as global macroeconomic uncertainty persists.

[Source: Euroummus]