Gold Extends Fourth Consecutive Weekly Gain Amid Weak PPI and Dollar
Gold extended its fourth consecutive weekly gain, closing near $4,870, driven by a softer-than-expected March PPI and a weakening U.S. dollar. Silver also rose sharply, with an 8% weekly increase, while a ceasefire between Israel and Lebanon and Iran's declaration on the Strait of Hormuz reduced some of gold's safe-haven appeal.
Topics: Geopolitical Events Gold PPI Silver US Dollar