Gold surges past $4,300 on safe-haven demand amid market volatility
Spot gold climbed beyond $4,300 per ounce Friday, marking its strongest weekly gain since 2008. The rally is spurred by mounting concerns around credit stress in U.S. banks, anticipation of U.S. interest rate cuts, and geopolitical uncertainty. Institutional investors and ETF inflows are bolstering the move, with the SPDR Gold Trust’s holdings hitting multiyear highs. Silver and other precious metals also gained though some traders caution that gold may be overbought in the near term.:contentReference[oaicite:4]{index=4}
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1 day ago
Gold surges past $4,300 on safe-haven demand amid market volatility
Spot gold climbed beyond $4,300 per ounce Friday, marking its strongest weekly gain since 2008. The rally is spurred by mounting concerns around credit stress in U.S. banks, anticipation of U.S. interest rate cuts, and geopolitical uncertainty. Institutional investors and ETF inflows are bolstering the move, with the SPDR Gold Trust’s holdings hitting multiyear highs. Silver and other precious metals also gained though some traders caution that gold may be overbought in the near term.:contentReference[oaicite:4]{index=4}
positive
Gold surges past $4,300 on safe-haven demand amid market volatility
1 day ago
1 min read
75 words
Gold tops $4,300 as safe-haven buying accelerates amid credit and rate-cut worries.
Spot gold climbed beyond $4,300 per ounce Friday, marking its strongest weekly gain since 2008. The rally is spurred by mounting concerns around credit stress in U.S. banks, anticipation of U.S. interest rate cuts, and geopolitical uncertainty. Institutional investors and ETF inflows are bolstering the move, with the SPDR Gold Trust’s holdings hitting multiyear highs. Silver and other precious metals also gained though some traders caution that gold may be overbought in the near term.:contentReference[oaicite:4]{index=4}
Spot gold climbed beyond $4,300 per ounce Friday, marking its strongest weekly gain since 2008. The rally is spurred by mounting concerns around credit stress in U.S. banks, anticipation of U.S. interest rate cuts, and geopolitical uncertainty. Institutional investors and ETF inflows are bolstering the move, with the SPDR Gold Trust’s holdings hitting multiyear highs. Silver and other precious metals also gained though some traders caution that gold may be overbought in the near term.:contentReference[oaicite:4]{index=4}