{"id":113018,"date":"2025-03-21T12:15:00","date_gmt":"2025-03-21T08:15:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113018"},"modified":"2025-03-21T12:11:45","modified_gmt":"2025-03-21T08:11:45","slug":"gold-prices-maintain-upward-momentum-set-for-third-consecutive-weekly-gain","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-maintain-upward-momentum-set-for-third-consecutive-weekly-gain\/03\/21\/market-updates\/","title":{"rendered":"Gold Prices Maintain Upward Momentum, Set for Third Consecutive Weekly Gain"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Gold prices remained on track for a <strong>third straight weekly gain<\/strong> on <strong>Friday<\/strong>, supported by expectations of <strong>U.S. Federal Reserve rate cuts<\/strong> and <strong>safe-haven demand<\/strong> amid escalating geopolitical and economic uncertainties. The precious metal continued to draw investor interest, reaching a new <strong>all-time high of $3,057.21 per ounce<\/strong> on <strong>Thursday<\/strong> before pulling back slightly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Gold Hits Record High, Maintains Weekly Gains<\/strong><\/h3>\n\n\n\n<p>As of <strong>0700 GMT<\/strong>, <strong>spot gold dipped 0.5% to $3,028.77 an ounce<\/strong>, weighed down by a <strong>stronger U.S. dollar<\/strong>. Meanwhile, <strong>U.S. gold futures eased 0.3% to $3,035.70<\/strong>. Despite the decline, gold remained <strong>1.5% higher for the week<\/strong>, underscoring continued investor appetite for the metal.<\/p>\n\n\n\n<p>A <strong>whirlwind of factors<\/strong>, including <strong>monetary policy shifts, trade tensions, and geopolitical instability<\/strong>, has fueled gold\u2019s surge in 2025. So far this year, <strong>gold has posted 16 record highs<\/strong>, with <strong>four instances of breaking above the crucial $3,000 level<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Federal Reserve Signals Rate Cuts, Supporting Bullion Prices<\/strong><\/h3>\n\n\n\n<p>Gold\u2019s recent rally has been <strong>underpinned by shifting Federal Reserve policy expectations<\/strong>. On <strong>Wednesday<\/strong>, the <strong>Fed held its benchmark interest rate steady<\/strong> at <strong>4.25%-4.50%<\/strong>, as widely expected. However, policymakers indicated <strong>two quarter-percentage-point cuts by the end of the year<\/strong>, reinforcing a dovish outlook that tends to favor non-yielding assets like gold.<\/p>\n\n\n\n<p>Adding to concerns, <strong>Fed Chair Jerome Powell<\/strong> acknowledged that <strong>President Donald Trump\u2019s initial economic policies<\/strong>, particularly <strong>import tariffs<\/strong>, have <strong>tilted the U.S. economy toward slower growth and temporarily higher inflation<\/strong>. This combination of <strong>growth uncertainty and inflationary risks<\/strong> has further strengthened gold\u2019s appeal as a hedge against economic instability.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Geopolitical Tensions Add to Gold\u2019s Safe-Haven Demand<\/strong><\/h3>\n\n\n\n<p>Beyond monetary policy, <strong>geopolitical turmoil has amplified safe-haven inflows into gold<\/strong>. The ongoing conflict in the <strong>Middle East<\/strong> remains a key driver, with <strong>Israel resuming airstrikes and ground operations in Gaza on Thursday<\/strong>, ending a <strong>two-month ceasefire<\/strong>. The intensification of the conflict led to the <strong>deaths of 91 Palestinians<\/strong>, adding to global concerns over escalating instability in the region.<\/p>\n\n\n\n<p>Such geopolitical uncertainties often <strong>drive demand for gold<\/strong>, as investors seek to hedge against <strong>market volatility and geopolitical risks<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Precious Metals Market Overview<\/strong><\/h3>\n\n\n\n<p>While <strong>gold has sustained gains<\/strong>, other precious metals <strong>faced weekly losses<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Silver (XAG\/USD)<\/strong> declined <strong>1.4% to $33.08 an ounce<\/strong>.<\/li>\n\n\n\n<li><strong>Platinum (XPT\/USD)<\/strong> fell <strong>0.3% to $982.20 an ounce<\/strong>.<\/li>\n\n\n\n<li><strong>Palladium (XPD\/USD)<\/strong> shed <strong>0.6% to $946.75 an ounce<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>Despite these declines, gold\u2019s <strong>resilient rally underscores its role as a preferred store of value<\/strong> amid <strong>rising macroeconomic and geopolitical risks<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Outlook: Gold\u2019s Trajectory Hinges on Fed Policy and Global Risks<\/strong><\/h3>\n\n\n\n<p>As <strong>investors brace for further economic and geopolitical developments<\/strong>, gold\u2019s trajectory will likely be influenced by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Upcoming economic data releases<\/strong>, particularly <strong>inflation and employment figures<\/strong>, which could shape Fed policy expectations.<\/li>\n\n\n\n<li><strong>Geopolitical tensions<\/strong>, with any further escalation in global conflicts potentially reinforcing safe-haven demand.<\/li>\n\n\n\n<li><strong>The strength of the U.S. dollar<\/strong>, which remains a key counterforce to gold\u2019s upward momentum.<\/li>\n<\/ul>\n\n\n\n<p>For now, <strong>gold continues to shine<\/strong>, driven by a mix of <strong>monetary policy shifts, trade uncertainty, and geopolitical risks<\/strong>\u2014a powerful combination that has <strong>propelled the metal to historic highs<\/strong> in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices remained on track for a third straight weekly gain on Friday, supported by expectations of U.S. Federal Reserve rate cuts and safe-haven demand amid escalating geopolitical and economic uncertainties. The precious metal continued to draw investor interest, reaching a new all-time high of $3,057.21 per ounce on Thursday before pulling back slightly. Gold &hellip;<\/p>\n","protected":false},"author":9,"featured_media":103762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[7603],"class_list":["post-113018","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold-prices"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113018"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113018\/revisions"}],"predecessor-version":[{"id":113019,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113018\/revisions\/113019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/103762"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}