Gold prices made an unsuccessful attempt to establish a fresh weekly high despite recent tariff threats articulated by President Trump. Although markets rallied to a peak slightly above $3030 per ounce, they fell short of the previous day’s high of around $3036.

This volatility highlights the delicate balance between geopolitical events and precious metal prices. Participants in the gold market should analyze how ongoing tariff discussions influence XAU/USD movements.

Looking ahead, traders need to remain attentive to fluctuations in demand for gold, particularly in light of economic indicators and ETF trends that could drive prices higher. Understanding these factors will be key in making informed market decisions.