Gold prices (XAU/USD) staged a remarkable rally this past week, breaking past key technical thresholds to reach their highest point since December 2023. By Friday's close, the precious metal had notched a substantial weekly gain of 2.33%, settling near $2,082.
Bullion's bullish momentum can be attributed in part to a moderate pullback in U.S. Treasury yields, a reaction triggered by two significant economic reports that left investors pondering their implications for the Federal Reserve's monetary policy stance.
Bullion's bullish momentum can be attributed in part to a moderate pullback in U.S. Treasury yields, a reaction triggered by two significant economic reports that left investors pondering their implications for the Federal Reserve's monetary policy stance.