⚱️ Gold Hits All-Time High ⚱️
Gold drifted toward $2,800 per ounce on Friday, reaching its all-time high as investors sought safety after US President Donald Trump reiterated tariff threats.
His plan stoked fears of trade wars and prospects of economic slowdown.
Gold's momentum was further supported by looser monetary policies from major central banks.
The ECB cut rates as expected, leaving room for more reductions, while the BoC ended its quantitative tightening, and the Swedish Riksbank delivered rate cuts earlier in the week.
The PBoC and RBI also signaled looser policies and higher liquidity.
Meanwhile, US rates remained steady, with no hints of future moves, maintaining expectations for two rate cuts this year.
For the month, gold is on track for its biggest gain since March 2024.
