Gold $XAU surged to a fresh all-time high on Friday, reclaiming strong bullish momentum after a brief pullback earlier in the session. Prices rebounded sharply from an intraday low near $4,899, trading around $4,980 at the time of writing and marking a third straight weekly gain.
The rally comes as mixed US economic data failed to strengthen the US Dollar, giving Gold room to extend its upside. With no clear bullish trigger for USD, investors continued rotating into hard assets.
Gold is now up over 8% this week, driven by intensifying safe-haven demand. Fresh trade rhetoric from US President Donald Trump, linked to renewed tensions over the Greenland dispute, rattled global markets and revived the “Sell America” narrative.
As geopolitical uncertainty grows and confidence in risk assets weakens, Gold is once again proving why it remains the ultimate hedge during global instability.
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