Gold prices moved higher on Friday as rising coronavirus cases, uncertainties over Brexit and U.S. stimulus, and worries about growth boosted the commodity's safe-haven appeal.
Traders were also betting the Federal Reserve will come out with some stimulus measures at their upcoming monetary policy meeting next week.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.