Commodities
Gold Steadies as Investors Fret Over the Global Economic Outlook
- Investors target haven assets as slowdown concerns intensify
- Bullion-backed ETFs expand to reach highest level since 2023
This article is for subscribers only.
Gold held firm following a weekly advance as rising concerns about the global economic outlook buttressed haven demand.
Spot bullion steadied near $2,910 an ounce, after gaining almost 2% last week. In the US, President Donald Trump said the economy faced “a period of transition” as he pressed on with his focus on tariffs and federal job cuts. In China, data pointed to persistent deflationary pressures.