Gold prices shot higher on Friday as demand for the safe-haven metal increased, while stock markets felt the heat of the new tariff regime kickstarted by the US President, who added new levies on nearly 70 countries.
Front Month Comex Gold for August delivery surged $54.50 (or 1.65%) to $3347.70 per troy ounce today. Gold gained $12.10 (or 0.36%) this 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.