The price of gold has moved sharply higher during trading on Friday, more than offsetting the weakness seen in the previous session to reach its highest levels in almost a month.
After falling $32 or 0.6 percent to $5,194.20 an ounce during Wednesday's session, gold for April delivery has jumped $52.90 or 1.0 percent to $5,247.10 an ounce.
The notable increase by the price of gold comes as the precious metal benefits from its appeal as a safe haven amid heightened geopolitical tensions in the Middle East and elsewhere.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.