Gold prices surged nearly 2% on Friday, reaching a one-week high of $3,347.66 per ounce, fueled by weaker-than-expected U.S. payroll data. This raised expectations for Federal Reserve rate cuts later this year. Fresh tariff announcements by the U.S. also spurred safe-haven demand, further boosting gold’s appeal amidst economic uncertainty. Market anticipates two rate cuts by year-end, beginning in September.
