Gold - Overview as of 07.02.2025

Financial and commodity markets analytics


Gold prices rose on Friday, continuing to near historical peaks, with the metal showing its sixth consecutive weekly gain. Investors are increasing their investments in protective assets against the backdrop of persistent trade risks ahead of the release of a key U.S. jobs report. trade risks before the release of a key report on employment in the United States.

Gold prices added more than 2% for the week. At the same time, on Wednesday was was recorded a new historical maximum. Analysts at Goldman Sachs warned about possible exceeding their forecast of $3000 per ounce if uncertainty in U.S. economic policy continues, which will increase demand for gold as a protective asset. The markets' main focus now is on the U.S. jobs report, which will be released on Friday. The data may provide more clarity regarding the Fed's next steps regarding interest rates.