business π Gold price surges as dollar weakens
Gold prices broke past the 200-day level amid strong US services data that failed to curb the rally. This upward movement occurred as the bond market favored gold, despite the services figures. Geopolitical risks from potential US sanctions on Iran and oil route concerns added support to the rally. Buyers prioritized the buyback and softer rate outlook over oil market noise on Friday. The rally will continue needing macro trade cooperation to sustain its momentum.