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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InGold (XAU/USD) hit a fresh all-time high at the start of the week, maintaining its position firmly above the $5,100 psychological level. The precious metal registered its highest-ever weekly close, signaling strong market conviction and a shift toward risk aversion. Escalating fears of a global trade war and heightened geopolitical risks have significantly fueled safe-haven demand among institutional investors. Additionally, a weakening US Dollar (USD) provided further support for the rally, making gold more affordable for holders of other currencies. This breakout past major resistance levels indicates robust bullish momentum, with market participants closely monitoring trade dynamics for the next directional move.