Gold Heads for First Weekly Gain Since Middle East War Began
Yahoo Finance·2026-03-28 03:58

(Bloomberg) -- Gold staged a recovery, putting it on track for its first weekly gain since the US-Israeli war in Iran began, as bargain-buying accelerated after recent price declines. The metal rose as much as much as 4.1% to top $4,550 an ounce Friday, clawing back the previous session’s loss. Gold had tumbled in recent weeks as the conflict sent oil prices soaring, stoking concern that the Federal Reserve would hike rates to tame inflation. That’s a headwind for non-yielding bullion. Despite Friday’s ...

Gold Heads for First Weekly Gain Since Middle East War Began - Reportify