💨 Abstract

Gold prices hit a record high on Friday, rising about 1% this week, due to increased U.S. tariff concerns and awaiting a key inflation report. Gold is considered a safe investment during economic and political uncertainties. The Federal Reserve's interest rate trajectory will be determined by upcoming inflation and jobs data. Further gold gains are possible if tariff threats become economic reality. Silver, platinum, and palladium also saw movements in the market.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖