Gold Records its Highest Weekly Gain in Years
Last week saw gold futures edge lower while recording their largest weekly increase since 2020, following a robust rally. The precious metal dipped over 1% to around $4260 after touching an intraday peak above $4380 in the earlier session. In a note, senior financial market analyst Kyle Rodda explained that the yellow metal had climbed 7% over the last week as prices skyrocketed in what he referred to as a perfect storm for gold. This comes as trade tensions between China and the United States continue to deepen while expectations of the Federal Reserve reducing interest rates next week also…