Gold Rates Dip Amidst Geopolitical Unpredictability
Gold prices experienced a slight decline Friday, pressed by a stronger buck. Nevertheless, the precious metal is poised for its largest month-to-month gain since 1980, fueled by safe-haven need amidst recurring geopolitical and financial instability.
- Area gold dropped 0. 9 % to $ 5, 346 42/ ounce after striking a document $ 5, 594 82 the previous day.
- January gains exceed 24 %, marking a 6th consecutive month of boosts.
- UBS increased its gold rate target to $ 6, 200/ ounce for March, June and September 2026, driven by robust financial investment demand.
- Spot silver was down 0. 2 % at $ 115 83 an ounce.
