Key Takeaways:
Gold spot prices reached $4,829 per troy ounce at the end of the week, marking a fourth consecutive weekly gain. COMEX futures closed at $4,879, up 1.48%, driven by Iran’s Strait of Hormuz truce and U.S. dollar weakness. Analysts expect gold to hold near record levels as Fed rate-cut signals and lingering Middle East uncertainty sustain safe-haven demand. Gold to Open Monday at $4,830The three-day net gain from the April 16 close of approximately $4,790 to Sunday’s price stood at roughly $41, or 0.85%. The bulk of that move was built during Friday’s session, when intraday momentum in futures and spot ran between 1% and 1.5%.
