Gold prices concluded a remarkable rally, experiencing their first weekly decline in ten weeks, as investors took profits following a surge that had driven prices to record highs. Spot gold closed at $4,113.05 per ounce on Friday, marking a 0.3% drop for the day and a 3.3% loss for the week.

Key Highlights

• Gold prices ended a 10-week rally with a 3.3% weekly loss.
• Silver also declined, dropping over 6% for the week.
• Analysts suggest geopolitical tensions and inflation concerns may support gold's long-term appeal.

The rally, which began in mid-August, was fueled by factors such as rising trade uncertainties, central bank accumulation, and a weakening U.S. dollar. However, the momentum slowed as traders reassessed the sustainability of the upward trend. Silver, which had reached a record above $54 per ounce, also saw a decline, ending the week with a loss of more than 6%.

Despite the recent pullback, gold remains one of the top-performing assets of 2025, with year-to-date gains exceeding 60%. Analysts suggest that while the immediate rally may have cooled, long-term factors such as geopolitical tensions and inflation concerns could continue to support gold's appeal as a safe-haven investment.

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As the market digests the recent developments, investors are advised to remain cautious and consider the potential for further volatility in the precious metals sector.