Gold Futures Set to End Week Up on Safe-Haven Demand Ahead of Trump Tariffs


Gold futures rise 0.2% to $2,756.90 a troy ounce, and are set to end the week up 1.5%.


The precious metal has managed to notch up gains despite headwinds from a stronger U.S. dollar, says Saxo Bank's Ole Hansen in a note.

Gains are being led by non-interest and dollar sensitive investors, but also short-covering on the New York futures market, Hansen says. This reflects fears President-elect Trump's tariffs may disrupt and potentially uproot normal trading dynamics, Hansen writes.