Rise in Gold Price Trends

The price of an ounce of gold today increased by 0.57% to $2,770.58.  
According to Reuters, gold prices rose by more than 1% on Friday, reaching the highest level since October. The weakness of the US dollar, following Trump's emphasis on lowering interest rates and the instability regarding tariff rates, has set gold on track for its fourth consecutive weekly price increase.

The price of an ounce of gold today increased by 0.57% to $2,770.58. Gold futures prices in the COMEX market in New York also rose by 0.50%, reaching $2,778.90.

In such an environment of instability in the US, gold remains a safe haven against inflation. The low-interest-rate environment is also favorable for this precious metal as a non-yielding investment.