Gold has achieved nine consecutive weekly gains, a streak not seen since the 1970s, as ongoing trade tensions and dovish signals from the Federal Reserve drive demand. Despite a sharp pullback during the week, gold closed near $4,200 per ounce. Silver also reached a record high before retreating over 6%.
Market participants are now focused on the upcoming U.S. September CPI data and key central bank meetings. The Federal Reserve's October policy decision is anticipated to include a 25-basis-point rate cut, which could further influence precious metal prices.
Gold Achieves Ninth Weekly Gain Amid Trade Tensions and Fed Signals
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